Honda posts 4.2% rise in full-year operating profit

By: Reuters
Updated on: 14 May 2021, 19:09 PM

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Honda Motor Co on Friday posted a 4.2 % increase in annual operating profit.

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)

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.

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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.

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

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