Honda posts six-fold increase in Q4 operating profit

By Thomson Reuters May 10, 2024 | 1:13 AM

TOKYO (Reuters) – Japan’s Honda Motor said on Friday its fourth-quarter operating profit grew more than six fold from a year earlier, helped by a weak yen and strong vehicle sales.

Japan’s second-biggest automaker by volume saw quarterly operating profit come in at 305.6 billion yen ($1.96 billion), versus an average estimate of 248.3 billion yen in a poll of nine analysts by LSEG.

($1 = 155.6200 yen)

(Reporting by Daniel Leussink; Editing by Christopher Cushing)