Honda reports profit decline – lowers forecast

Published:

Honda reports profit decline – lowers forecast
Photo: Eugene Hoshiko AP/TT

The average forecast among analysts was for a forecast reduction of 869 billion yen.

The sales forecast is also lowered to 20,700 billion yen, from the previous 21,100 billion yen. The average forecast was 21,420 billion yen.

For the recently concluded second quarter of the fiscal year, Honda reported a 25 percent increase in operating profit to 194 billion yen, compared with an average forecast of around 220 billion yen.

Net sales fell 1.9 percent to 5,290 billion yen.

Loading related articles...

Tags

Author

TT News AgencyT
By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

Keep reading

Loading related posts...