Honda’s profit drops on incentives, currencies, flat sales 0 SHARES Share it! Tokyo-based Honda’s October-December profit totaled 168 billion yen ($1.5 billion), down from 570.3 billion yen a year earlier. Honda said its settlements for April-December totaled 53.8 billion yen ($493 million) last year, and that it may face more such expenses. Honda said motorcycle sales improved in Vietnam and it also recorded better sales in its financial services business. Honda raised its profit forecast for the current fiscal year, which ends March 31, by 20 billion yen ($183 million) from an earlier projection to 695 billion yen ($6.4 billion).

Source: Manila Bulletin February 02, 2019 12:56 UTC