Arab Today, arab today honda halfyear net profit up 19 but cuts annual outlook
Last Updated : GMT 07:52:28
Arab Today, arab today
Arab Today, arab today

Honda: Half-year net profit up 19%, but cuts annual outlook

Arab Today, arab today

Arab Today, arab today Honda: Half-year net profit up 19%, but cuts annual outlook

Honda
Tokyo - AFP

Honda on Tuesday said its six-month net profit jumped almost 19 percent, but the Japanese automaker cut its earnings outlook for the full fiscal year.
The Civic and Accord maker posted a 288.41 billion yen ($2.67 billion) net profit in the six months through September, up from 242.87 billion a year earlier, while sales rose to 6.0 trillion yen from 5.72 trillion yen.
However, Japan's number three automaker cut its full-year to March net profit estimate to 565.0 billion yen from an earlier 600 billion yen forecast, citing a tougher business environment in key Asian markets, including China.
Honda credited rising revenue in the first half to "brisk sales of vehicles and motorcycles in addition to positive impacts from currency rates".
"The operating profit rose 1.7 percent year on year after cost-cutting efforts despite higher expenses for sales, general management and research and development," it added in a statement.
The Japanese auto industry has benefited from the big-spending policies of Prime Minister Shinzo Abe, with huge monetary easing measures from the premier's hand-picked team at the Bank of Japan helping push down the yen since last year.
A weaker yen boosts the competitiveness of Japanese exporters and inflates their repatriated overseas profits.

 

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 halfyear net profit up 19 but cuts annual outlook Arab Today, arab today honda halfyear net profit up 19 but cuts annual outlook

 



Arab Today, arab today

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 halfyear net profit up 19 but cuts annual outlook Arab Today, arab today honda halfyear net profit up 19 but cuts annual outlook

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
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