HONDA LIFTS OP­ER­AT­ING PROFIT FORE­CAST BY 8.3%

The Sun (Malaysia) - - SUNBIZ -

TOKYO: Honda Motor Co raised its full-year op­er­at­ing profit fore­cast by 8.3% due to lower qual­ity-re­lated costs and cost cuts which it ex­pects will off­set the im­pact of a stronger cur­rency. Ja­pan’s third-largest au­tomaker by sales said yes­ter­day it ex­pects an­nual op­er­at­ing profit to rise to ¥650 bil­lion (RM26 bil­lion), up from a pre­vi­ous fore­cast of ¥600 bil­lion. That is lower than the av­er­age ¥689 bil­lion profit ex­pected by 25 an­a­lysts polled by Thom­son Reuters. Honda sees full-year net profit ris­ing to ¥415 bil­lion, higher than a pre­vi­ous fore­cast for ¥390 bil­lion. The com­pany fore­cast global car sales of 4.98 mil­lion cars for the year end­ing in March 2017, com­pared to the pre­vi­ous fore­cast of 4.915 mil­lion. – Reuters

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.