Honda Second-Quarter Earnings More Than Double

Honda's second quarter profit more than doubled, brushing off damage from a strengthening yen as car and motorcycle sales grew in the U.S. and Japan.

Honda Motor (HMC) reported Friday a net profit of 135.93 billion yen ($1.68 billion) for July-September compared with 54 billion yen earned the same period in 2009.

The results show the resilience of the Japanese automaker amid a battering from a plunging dollar, which erodes the value of overseas earnings of this nation's exporters.

Quarterly sales rose 9.5% to 2.252 trillion yen ($27.9 billion) on solid global demand for Honda vehicles.

Increase your money and finance knowledge from home

What is Short Selling?

Make a profit when stocks prices fall.

View Course »

Goal Setting

Want to succeed? Then you need goals!

View Course »

Add a Comment

*0 / 3000 Character Maximum