TOKYO -- Japanese truckmaker Nissan Diesel Motor Co. on Tuesday more than doubled its profit estimate for the first half ended Sept. 30, citing stronger than expected domestic sales and brisk exports.
The truckmaker, owned 23.8 percent by Nissan Motor Co. and 17.8 percent by France's Renault SA, now expects to report a consolidated net profit of $147.2 million instead of $69 million.
The company posted a loss of $89 million a year earlier.
It said it expected an operating profit of $184 million for the six months, giving it a profit margin of 8.9 percent on sales of $1.07 billion, up 13 percent from the previous forecast.
Nissan Diesel said healthy sales to Nissan Motor also shored up its bottom line. Domestic sales were boosted by replacement demand to meet stricter diesel-emission regulations, it said.
The truckmaker, which received $106 billion yen in aid from its main banks and Nissan Motor a year ago, said group group interest-bearing debt now stood at about $1.64 billion, down from the initial forecast of $1.84 billion.
A year ago, the debt stood at $3.59 billion.
Nissan Diesel will announce half-year results on Nov. 16.