Honda Profit Rises 19% on Strong China Sales

Honda Profit Rises 19% on Strong China Sales

Honda Motor Company (NYSE: HMC) boosted its full-year profit guidance after its net income rose 19%, to 207.3 billion yen ($1.87 billion), in the quarter that ended on June 30 on strong sales in China and other Asian markets.

Like many Japanese companies, Honda's fiscal year begins on April 1. The quarter that ended on June 30, 2017 was the first quarter of Honda's 2018 fiscal year. 

Data source: Honda Motor Co., Ltd. "Ppts" = percentage points. All financial results are shown in billions of yen. As of August 2, $1 = about 110.4 yen.

Continue reading

Source: Fool.com