Honda Motor posted a 0.9 per cent rise in operating profit for the first quarter as strong Asian sales of cars and motorcycles helped offset a slide in North American demand, while a positive currency impact also aided the bottom line.
Operating profit at Japan's third-largest car maker came in at ¥269.2 billion (Dh8.96bn) in April-June, up from ¥266.84bn a year ago and above estimates for ¥230.43bn from seven analysts polled by Reuters.
Honda raised its forecast for full-year operating profit to ¥725bn, from a previous forecast of ¥705bn, as it expects a smaller negative currency impact. It now expects the US dollar to average around ¥107 through March, from a previous forecast of ¥105 yen.
* Reuters
UAE currency: the story behind the money in your pockets
MATCH INFO
Qalandars 109-3 (10ovs)
Salt 30, Malan 24, Trego 23, Jayasuriya 2-14
Bangla Tigers (9.4ovs)
Fletcher 52, Rossouw 31
Bangla Tigers win by six wickets
COMPANY%20PROFILE%20
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