Economy · World

Nissan reports quarterly profit driven by cost cuts and sales

Nissan Motor Co. reported a return to quarterly profit for the first quarter, driven by cost-cutting measures and improved sales. The Japanese automaker announced a net profit of ¥104.9 billion ($717 million) for the April-June period. This profit was achieved despite a slight decrease in revenue, which fell to ¥2.57 trillion. The company maintained its full-year financial outlook.

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