INQUIRER.net: Honda quarterly profit slips despite solid sales

INQUIRER.net Philippine News for Filipinos

Honda quarterly profit slips despite solid sales Jul 31st 2013, 08:39 TOKYO — Honda Motor Co.'s net profit for the first quarter of its fiscal year slipped 7 percent, although its auto sales grew in every region except Japan.   Tokyo-based Honda reported Wednesday a 122.4 billion yen ($1.25 billion) profit for the April-June period. The Japanese automaker also got a perk from a favorable currency rate.   The company said it invested in research and new plants and that operating profit grew compared to the previous year.   The maker of the Odyssey minivan and Fit subcompact stuck to its annual forecast for 580 billion yen ($5.9 billion) profit, up nearly 60 percent on year.   It's expecting to sell 4.43 mill... Keep on reading: Honda quarterly profit slips despite solid sales Media files: Japan-Honda.jpg (image/jpeg)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions