StockMarketWire.com - Honda Motor Co's consolidated net sales and other operating revenue rose by 17.9% in the three months to the end of June to Yen2,361.4bn.

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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