Mexican Media Brands
Honda Net Income Jumps 46%
Honda Motor Co. reports its net profit in the fiscal second quarter ended Sept. 30 rose to 120.3 billion yen ($1.2 billion) from 82.2 billion yen ($837 million).
#economics
Share
Honda Motor Co. reports its net profit in the fiscal second quarter ended Sept. 30 rose to 120.3 billion yen ($1.2 billion) from 82.2 billion yen ($837 million).
Operating income surged 70% to 171.4 billion yen ($1.7 billion). Revenue climbed 27% to 2.9 trillion yen ($29.4 billion), mainly because of strong car sales in North America and a hike in motorcycle sales in Asia. Results also were helped by Japan's effort to weaken the yen.
The company delivered 869,000 cars during the quarter, up 6% from the same period in 2012.
Honda reiterates its full-fiscal-year forecast for sales of 4.4 million cars, revenue of 12.1 trillion yen ($123 billion) and net income of 580 billion yen ($5.9 billion).
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data