Honda has boosted first fiscal quarter operating profit 16.4% to JPY239.2bn (US$1,954m).
The automaker said the gain was due mainly to higher sales, ongoing cost reduction and favourable foreign currency effects, though selling and ‘quality related’ expenses rose.
Go deeper with GlobalData
Sales revenue rose 15.5% to JPY3,704.7bn ($30,255m).
Automobile sales revenue rose 14.4% to JPY2,675.8bn ($21,853m) and operating profit was up 18% to JPY130.7bn ($1,068m).
