Honda posts 4.2% rise in full-year operating profit

Honda Motor Co on Friday posted a 4.2 % increase in annual operating profit.
By : Reuters
| Updated on: 14 May 2021, 19:09 PM
FILE PHOTO: Honda's logo on its Modulo model is pictured at its showroom at its headquarters in Tokyo, Japan, February 19, 2019. REUTERS/Kim Kyung-hoon (REUTERS)
FILE PHOTO: Honda's logo on its Modulo model is pictured at its showroom at its headquarters in Tokyo, Japan, February 19, 2019. REUTERS/Kim Kyung-hoon (REUTERS)
FILE PHOTO: Honda's logo on its Modulo model is pictured at its showroom at its headquarters in Tokyo, Japan, February 19, 2019. REUTERS/Kim Kyung-hoon (REUTERS)
FILE PHOTO: Honda's logo on its Modulo model is pictured at its showroom at its headquarters in Tokyo, Japan, February 19, 2019. REUTERS/Kim Kyung-hoon

Honda Motor Co on Friday posted a 4.2 % increase in annual operating profit, with car sales recovering from the impact of the COVID-19 pandemic.

Japan's No.2 carmaker by sales said annual operating profit for the year to March 31 was 660.2 billion yen ($6.04 billion), against 633.6 billion yen the previous year.

(Also Read: Over 1 million Honda Accords being probed by US safety agency for steering issue)

The result was better than a consensus estimate of a 560.2 billion yen profit, drawn from SmartEstimate, and beat Honda's February estimate of 520 billion yen.

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First Published Date: 14 May 2021, 19:00 PM IST
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