High value of the yen and intense decline in the US car market became the cause of 41% fall in Nissan half-year profits.

Nissan made a net profit of 126bn yen between April and September, while it was 212bn yen a year earlier.

There was an overall 4.7% rise in sales, but in the US it fell 3.4%.

Nissan, looking ahead, has also warned that its profits for the financial year by the end of March can drop more than two thirds.

The company is expecting a net annual profit of 160bn yen, while it was 484bn yen a year back that is well short of the company’s 340bn yen previous forecast.

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