The Traderszone Network

Published in TZ Latest News 31 July, 2015 by The TZ Newswire Staff

Honda profit up 20 percent as robust U.S. sales, weak yen offset quality costs

Honda Motor Co said on Friday its quarterly net profit jumped 20 percent, beating estimates, as strong sales in the United States and a weak yen helped it absorb the impact of higher quality-related costs. April-June net profit at Japan’s third-biggest automaker rose to 186.04 billion yen ($1.50 billion), from 155.60 billion yen a year earlier. Honda reported the first-quarter results under international accounting standards for the first time.