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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).
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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).
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