Honda Motor Co. said it posted a 6.6 percent rise in quarterly net profit, helped by the yen's rapid depreciation and strong sales of its Accord and CR-V models the United States.
In the quarter ended March 31, Honda booked net profit of 75.7 billion yen ($760.88 million), compared with 71.5 billion yen in the same period last year, the company said in a report today.
The Japanese currency has lost about 14 percent of its value versus the dollar since the start of 2013, helping carmakers export vehicles from Japan more cheaply and convert profits made overseas into yen at a more favorable rate.
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