Honda fourth quarter net profit rises 6.6pc on falling yen

Honda Motor posted a 6.6 per cent year-on-year jump in quarterly net profit, helped by the yen’s rapid depreciation and strong sales of its Accord and CR-V models in its biggest market the United States.

In the quarter ended March 31, the third biggest-selling Japanese automaker booked net profit of 75.7 billion yen (HK5.92 million), compared with 71.5 billion yen (HK$ 5.59 billion) it booked in the same period last year.

via Business feed http://www.scmp.com/business/companies/article/1223741/honda-fourth-quarter-net-profit-rises-66pc-falling-yen