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Aug 05, 2024 - 16:36
By asia.nikkei.com

Honda to report record Q1 $3bn-plus profit on strong U.S. hybrid sales

TOKYO -- Honda Motor is set to report a group operating profit surpassing 450 billion yen ($3.08 billion) for the first quarter ended June, it was learned Monday, a new quarterly record fueled by strong sales of hybrid vehicles in the U.S. market.

Operating profit apparently jumped by roughly 20% on the year. This would be the first time a Honda quarterly operating profit topped 400 billion yen, and also the second year in a row that the Japanese automaker turned in an all-time high for the first quarter.