Profit at Honda doubles on strong global sales of cars and motorcycles - Autoblog

crimped its motorcycle sales in India, while sales rebounded in Indonesia as production recovered.

Honda said it sold 901,000 vehicles in the latest quarter, up from 815,000 a year earlier. It also sold more motorcycles worldwide at nearly 4.5 million, up from 4.2 million. Honda added 23 billion yen to its quarterly operating profit because of the impact of currency exchange rates. A weaker yen, trading lately at about 143 yen to the U.S. dollar, is a boon for Japanese exporters by boosting the amount of its overseas earnings when converted into yen.

Honda stuck to its full year projection of an 800 billion yen profit, up from 651 billion yen a year earlier.

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Honda Reports 78% Increase in Q1 Operating ProfitHonda Motor, Japan's second-biggest automaker, announced a 78% rise in quarterly profit, driven by higher sales in the North American market and a weaker yen. The company's operating profit reached 394.4 billion yen ($2.76 billion) in the three months through June, surpassing analysts' expectations.
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