Nissan Motor Company has revised its full year forecasts up following a 50.8% year-on-year increase in operating profit in the six months ended September 2015.

The company reported an operating profit of £2.12bn for the first six months of its financial year, while revenues grew by 15.3% year-on-year to £31.9bn.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

According to Nissan one of the reasons behind these increases was a strong demand for its new products in North America and Western Europe and increased sales in China.

"The sales and earnings improvement followed strong growth in North America, particularly for the Altima sedan and Rogue SUV, and encouraging demand in Western Europe for models including the X-Trail and Qashqai. In China, nine-month passenger vehicle unit sales rose by 9.5% to 722,000 units," the company wrote.

Nissan sold 2.62m vehicles globally during the period, a 1.3% rise year-on-year.

Benefits from continued cost discipline and the yen correction against the US dollar, were also cited as reasons behind the profit and revenue growth.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Carlos Ghosn, president and chief executive officer at Nissan said: "We are increasing our financial forecast for the full year as our product offensive, our continued financial discipline and the ongoing benefits of our [Renault-Nissan] alliance strategy is delivering better than expected results."

The car manufacturers revised predicted revenues and operating profit for the full year to reach £65.8bn and £3.9bn respectively.

The upward revision is based on a global sales forecast of 5.5m units for the full fiscal year, up 3.4% on the prior fiscal year.

For a full historical look at Nissan’s sales in the UK as far back as 2008, take a look at the Motor Finance market data tab.