Skip to main content

]]>

Main content Home Compare deals Finance news Managing money Investing Home & property Credit & loans Life stages Tools & guides Small business Home > Finance News > Markets > Honda’s profit up despite China woes Print


Honda’s profit up despite China woes | Updated: 9:09:49 AM, Tuesday April 30, 2013

Honda’s fiscal fourth quarter profit rose nearly 6 per cent as the Japanese car maker’s recovery from floods in Thailand the previous year offset recent sales losses in China.

Honda posted a quarterly profit of 75.7 billion yen ($A746.56 million), up from 71.5 billion yen the same period the previous year, according to company figures released on Friday.

Quarterly sales jumped 14 per cent to 2.74 trillion yen.

Also coming as good news for Japanese exporters like Honda is the weakening yen, as it raises the value of overseas earnings and helps lower selling prices abroad.

The dollar has been approaching 100 yen levels, up by more than 20 per cent from late last year.

|

Comments

Leave a comment

Follow this conversation Name: E-mail: Your URL: Comments: Follow any further comments to this article. All comments are moderated. Enter security code:  Security code

Follow this conversation

Leave a comment Your e-mail: You will be emailed when any additional comments are approved by the moderator. You are only subscribing
to comments made to this article. You may unsubscribe via the link provided on notification emails.

Related news


AACo writes down herd value by $43m AACo writes down herd value by $43m

Cattle producer Australian Agricultural Company has written down the value of its herd …

AGL cuts profit forecast AGL cuts profit forecast

AGL Energy has blamed intense competition and weak demand for a reduction in expected …

Aust shares flat amid profit taking Aust shares flat amid profit taking

The Australian sharemarket closed flat amid profit taking in bank stocks and worries …

BC Iron and Cleveland ink Brazil deal BC Iron and Cleveland ink Brazil deal

BC Iron and Cleveland Mining plan to take a joint majority stake in three projects in …

$A back below 103 US cents Dollar higher after ECB rate cut Oil prices surge on US jobs report Packer’s proposal ‘not a done deal’ APN says regional papers doing it tough Qantas says local market still tough $A down slightly after two-week high $A higher after volatile session

Compare deals


Get the right credit card credit cards Compare credit cards Get a sweeter savings rate savings rates Compare savings accounts Boost your savings safely term deposit safety Top rate term deposits Go  


Sign up to receive the latest finance news. Email: Subscribe
Connect with us on: Connect with FacebookFacebook Connect with TwitterTwitter Connect with LinkedInLinkedIn Connect with Google PlusGoogle+

BigPond on Facebook

Mozo powered rates widget

Tools & calculators


Currency converter &raquo


Convert: From: To:
Convert Amount: Data supplied by Morningstar, based on a 30min delay.
  BigPond Sport, Movies, Music and Games downloads, video streams and editorial content are unmetered for most BigPond Broadband members. Sitemap | FAQ | Contact Us Terms of Use & Disclaimer – Please read

TelstraBigPond ]]>