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Nissan revises up full-year net profit forecast on higher margins

Chip shortages and rising raw material prices remain concerns

Nissan COO Ashwani Gupta says during an online news conference the company "delivered a satisfactory performance" despite the negative impact of the pandemic and a global semiconductor shortage. (Screenshot from Nissan's YouTube page) 

TOKYO -- Nissan Motor on Tuesday lifted its annual earnings forecast to 205 billion yen ($1.7 billion), up from the 180 billion yen it had previously forecast, amid brisk auto demand and higher margins.

"Nissan delivered a satisfactory performance despite the continuing industry disruption caused by ongoing semiconductor shortages," said Chief Operating Officer Ashwani Gupta.

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