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Tuesday, 02 August 2016 11:31

Honda’s operating profit rises 11.5% in Q1

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HONDA Motor CoHONDA Motor Co posted a stronger-than-expected 11.5 percent rise in first-quarter operating profit as higher vehicle and motorcycle sales as well as lower costs offset the impact of a stronger yen.

Japan’s third-largest automaker by sales clocked 266.8 billion yen (US$2.61 billion) in operating profit for April-March, surpassing an average estimate of around 183.31 billion yen from 10 analysts surveyed by Thomson Reuters. READ ON

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