Arab Today, arab today honda 9month net profit doubles to 32bn
Last Updated : GMT 02:16:14
Arab Today, arab today
Arab Today, arab today

Honda 9-month net profit doubles to $3.2bn

Arab Today, arab today

Arab Today, arab today Honda 9-month net profit doubles to $3.2bn

Tokyo - AFP

Japanese automaker Honda said Thursday that its net profit for the nine months to December 2012 more than doubled to $3.2 billion as strong sales in North America and cost-cutting offset a strong yen. The nation\'s third-biggest automaker said the net profit of 291.4 billion yen was up from 139.9 billion yen in the same period the previous year, while sales jumped 28.7 percent to 7.13 trillion yen. However, it trimmed its net profit forecast to 370 billion yen for the year to March, down from a previous 375 billion yen. This week Japan\'s biggest automakers -- Toyota, Nissan and Honda -- announced record sales for 2012, underscoring their recovery from the 2011 quake-tsunami that hit demand and production, while also highlighting strength in Asian and US markets. Honda, Japan\'s number-three automaker, said it logged sales of 3.81 million vehicles for calendar 2012, up from 3.09 million in 2011. That helped offset weakness in debt-hit Europe and a downturn in China stemming from a diplomatic row that sparked a consumer boycott of Japanese goods in China, the world\'s biggest vehicle market. In October, Honda blamed the spat with Beijing, as well as a strong yen, for a 20 percent cut to its annual profit forecast. The long-standing row flared in September when Tokyo nationalised some of a tiny East China Sea archipelago that is also claimed by Beijing, setting off huge demonstrations across China and the boycott. Japanese factories and businesses across China temporarily closed or scaled back operations over fears of being targeted by angry mobs. In a bright spot for Japanese manufacturers, the yen has weakened as a new conservative government swept to power with promises to fix the economy and press the central bank for aggressive easing measures. Analysts say Japanese automakers would likely see a boost in their results as the weaker yen makes their products more competitive overseas and affects the value of income earned overseas. \"The recent yen depreciation is sizeable enough to allow major Japanese carmakers to boost profit,\" said Tatsuya Mizuno, auto analyst at Mizuno Credit Advisory in Tokyo.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today honda 9month net profit doubles to 32bn Arab Today, arab today honda 9month net profit doubles to 32bn

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today honda 9month net profit doubles to 32bn Arab Today, arab today honda 9month net profit doubles to 32bn

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Malaysia Airlines picks new CEO

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 09:56 2017 Friday ,20 October

Privacy Groups Warn of Perils

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday