Honda Motor Cos April-June operating profit rose 7.1 percent from a year earlier to 198.04 billion yen ($1.94 billion), beating analyst estimates, boosted by cost cuts and strong sales of the remodelled Fit in Japan. The first-quarter operating profit compared with a 181.8 billion yen mean estimate of 12 analysts polled by Thomson Reuters I/B/E/S. onda also raised its annual operating profit forecast slightly to 770 billion yen from 760 billion yen for the year ending in March 2015, reflecting tweaks to its currency assumptions to indicate a marginally weaker yen. Sales in Japan were bolstered by back-orders from a rush of buying that preceded a sales tax hike on April 1, while model changes boosted sales in China, India and Indonesia, the company said.
Posted on: Tue, 29 Jul 2014 09:47:01 +0000
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