4 Votes

Boost it!

Report: Honda to post a $660 million first-half operating profit

tryme submitted on 10/23/2009 Official Bell & Ross Timestamp: 11:43:58 AM

3 user comments | Category: Misc News | Source: | SOURCE: www.4wheelsnews.com

Honda Motor Co.

will be announcing its first half results on Oct. 27 but the Nikkei business daily already has its own predictions of what is to come.

Nikkei business daily said that the first half (April to September) of Honda’s financial year is likely to post an operating profit of 60 billion yen ($660 million), beating its forecast for a loss on cost-cutting and solid sales of fuel-efficient cars. From this first-half year figure, it is implied that operating profit for the July-September quarter amounted to 34.8 billion yen, which is below the average estimate for a 41.7 billion yen profit in a poll of 5 analysts by Thomson Reuters.

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Report: Honda to post a $660 million first-half operating profit

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tryme

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User Comments

huu76

Its only considered an amazing accomplishment if either Hyundai or KIA's name is somewhere in the title?

— huu76 (View Profile)

Posted on 10/25/2009 12:20:59 AM | reply to this comment | Votes: 1   

1UAW

Not a very big loss in terms of a company the size of Honda and perhaps it can be made up in a later quarter where cars sell quicker.

— 1UAW (View Profile)

Posted on 10/25/2009 3:54:47 AM | reply to this comment | Votes: 1   

huu76

I read it as a profit but didn't bother to click on the link.

— huu76 (View Profile)

Posted on 10/26/2009 6:13:56 PM | reply to this comment | Votes: 1   

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