Arab Today, arab today honda profit doubles on yen\s fall cost cutting japan sales
Last Updated : GMT 15:29:37
Arab Today, arab today
Arab Today, arab today

Honda profit doubles on yen\'s fall, cost cutting Japan sales

Arab Today, arab today

Arab Today, arab today Honda profit doubles on yen\'s fall, cost cutting Japan sales

Tokyo - SPA

Honda Motor Co's net profit more than doubled for theOctober-to-December period from a year earlier to 160.7 billion yen(1.57 billion dollars) due to the yen's depreciation, cost-cuttingmeasures and robust domestic and US sales, the company said Friday according to dpa. Honda said its sales rose 24.5 per cent year-on-year to 3.02 trillionyen for the quarter while operating profit jumped 73.2 per cent to228.5 billion yen. The carmaker also said its global sales grew 9.7 per cent from a yearearlier to 1.08 million vehicles for the quarter. Honda maintained its net profit forecast at 580 billion yen andoperating profit outlook at 780 billion yen for the current financialyear to the end of March, while sales were projected at 12.1 trillionyen. Shares in Honda closed down 0.26 per cent to 3,893 yen Friday aheadof the earnings report, which was released after the markets closed.

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