The company reported profits of $2.13 a share for the first nine months of 1987, against $1.55 a year earlier.

Funds would also be required to report their expenses for the previous six months in a clearer form.

Porsche reported surprisingly strong sales for the first four months of its fiscal year.

After the provision, the bank reported a $440 million loss for the three months ended April 30.

The underwriting agent reported a 30pc fall for the six months to March 31, dropping to £2.6m from £3.7m in the same period last year.

It reported a profit of 101.19 billion yen for the nine months.

Nikko also reported revenue of 381.63 billion for the last nine months.

Yet the company lost money through 1994, and reported a meager $18,000 profit for the first nine months of 1995.

They rose 6, to 54 1/2, on better-than-expected earnings the company reported for the first four months.

Nissan reported a loss of $178 million for the six months that ended on Sept. 30.