Nissan Motor Corporation reports operating profit for Q1

Nissan Motor Corporation (NASDAQ: NSANY) (TYO: 7201), a Japan-based automaker, has reported its operating profit for the first quarter of 2012.

The company posted a decrease in operating profit of 19.7 percent in the first quarter of 2012, compared to the year-ago period. The company aims to meet its full-year operating profit target of JPY700bn.

The decrease in operating profit is attributed to the strong yen and costly sales incentives that outweighed the impact of vehicle sales.

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