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Honda Profit up 62 per cent on Robust Sales in North America
Published in Saudi Press Agency on 31 - 01 - 2013


Honda Motor Co's net profit jumped 62.4 per cent
year-on-year in the October-to-December quarter on strong sales in
North America and a recovery from the March 2011 earthquake and
tsunami in Japan, dpa quoted the Japan's third-largest carmaker as saying Thursday.
Net profit rose to 77.4 billion yen (850.5 million dollars),
helped also by a recovery from flooding in Thailand in late 2011 that
shut down Honda factories and suppliers.
Operating profit for the quarter tripled from the same quarter a
year earlier to 131.9 billion yen while sales climbed 25 per cent to
2.43 trillion yen.
Honda, however, trimmed its net profit outlook for the current
financial year, which ends March 31, by 5 billion yen to 370 billion
yen because of a strong yen, the carmaker said.


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