Honda net profit grew by 95,9%

Honda net profit grew by 95,9%

Net profit of Japanese automaker Honda Motor Co. in the 2009-2010 fiscal year ending March 31, 2010 increased by 95,9% compared with the previous fiscal year and amounted to 268.4 billion yen (2.87 billion dollars).

In the 2008-2009 fiscal year, Honda posted a net profit of 137 billion yen. Such data are contained in a report published today by automakers, RBC reports.
Honda sales for the year ended March 31, 2010 decreased by 14,3% - to 8.58 trillion yen (91.7 billion dollars) to 10 trillion yen a year earlier. Honda operating profit increased by 91,8%, amounting to 363.78 billion yen (3.9 billion dollars), whereas for the previous financial year the figure was 189.6 billion yen.
In the IV quarter of last fiscal year (January-March 2010) net profit Honda Motor was 72.2 billion yen (772 million dollars) against the net loss a year earlier of $ 180 billion yen. Sales for January-March totaled 2.28 trillion yen (24.4 billion dollars) - 28% more than the same period a year ago, amounting to 1.78 trillion yen.
Honda is the second largest car manufacturer after Toyota in Japan and one of the largest Japanese car exporters in the U.S. and other countries.