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July 31, 2015

JAPAN: Honda books Q1 profits

Honda has boosted first fiscal quarter operating profit 16.4% to JPY239.2bn (US$1,954m).

Honda has boosted first fiscal quarter operating profit 16.4% to JPY239.2bn (US$1,954m).

The automaker said the gain was due mainly to higher sales, ongoing cost reduction and favourable foreign currency effects, though selling and ‘quality related’ expenses rose.

Sales revenue rose 15.5% to JPY3,704.7bn ($30,255m).

Automobile sales revenue rose 14.4% to JPY2,675.8bn ($21,853m) and operating profit was up 18% to JPY130.7bn ($1,068m).

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