Honda Motor net income soars
The firm said this was primarily due to increased revenue in the automobile business, offsetting unfavourable currency translation effects.
Consolidated operating income jumped by 831.7% to Yen234.4bn due mainly to the positive impact of increased revenue and model mix, a reduction in vehicle costs as a result of increased production and continuing cost reduction efforts, offsetting increased R&D expenses and the unfavourable impact of currency effects.
Consolidated pre-tax income amounted to Yen256.1bn, an increase of Yen250.6bn from last year and net income rose to Yen272.4bn from Yen7.5bn in 2009.
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