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Nissan Benefits From China Growth as Profits Gain 37%

Nissan Motor Co. benefited from higher earnings in China, the world’s largest auto market, as the maker of Altima sedans delivered profits that beat analyst estimates. The shares rose.

Net income at Japan’s second-largest carmaker rose 37 percent to 112.1 billion yen ($1.1 billion) in the April-to-June quarter, beating the 84.3 billion-yen average of 14 analyst estimates compiled by Bloomberg. The Yokohama-based automaker pledged to meet its forecasts after cutting profit projections in each of the last two years.