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Nearly 20 percent rise in Honda's April-June profit

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ANI Tokyo

Japanese car manufacturer Honda announced on Friday that it had achieved a net profit of nearly 20 percent for the April-June 2015 period.

In a statement, the company said that this profit rise was due to strong sales in North America.

It also said that a weak Japanese Yen had helped to offset the impact of an exploding air-bag crisis.

Profit for the Honda Civic range was pegged at 186 billion Yen or USD 1.5 billion for the three months, up from 155.6 billion Yen in 2014-15.

Sales were pegged at 3.7 trillion Yen, a rise of over 15 percent.

Operating profit rose 16.4 per cent.

 

Honda is ranked third in Japan's automotive industry.

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First Published: Jul 31 2015 | 4:12 PM IST

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