Honda three-month profit jumps nearly 20% to $1.5 billion - Honda said on Friday that net

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Honda said on Friday that net profit in April-June jumped nearly 20 per cent as strong sales in North America and a weak yen helped offset the impact of an exploding air-bag crisis.

In This Pic : Honda

Pic Courtesy : BCCL

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The Civic maker's bottom-line profit came to 186 billion yen ($1.5 billion) for the three months, up from 155.6 billion yen a year earlier, while sales jumped 15.5 per cent to 3.7 trillion yen.

In This Pic : Honda

Pic Courtesy : BCCL

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Operating profit rose 16.4 per cent, as a sharp drop in Japan's currency benefits exporters such as Honda by making them more competitive overseas and inflating repatriated earnings.

In This Pic : Honda

Pic Courtesy : PTI

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Honda's sales in North America and Asia rose from a year ago, but weak consumer demand at home saw Japanese vehicle sales fall.

In This Pic : Honda

Pic Courtesy : BCCL

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Japan's number three automaker left its fiscal-year forecast unchanged at a net profit of 525 billion yen on sales of 14.5 trillion yen.

In This Pic : Honda

Pic Courtesy : BCCL