Japanese motor firm Honda has said its net profit for the year to March soared 73.6% to £2.4bn, thanks to robust overseas sales, a weaker yen, and cost cutting.
The bottom-line figure underscores a recovery among the nation's major car makers after Japan's 2011 earthquake and tsunami devastated sales and production.
The results also highlighted strong demand in the key Asian and US markets.
The yen, which has lost about 20% of its value on the dollar since November, has also helped, boosting Japanese firms' competitiveness overseas and repatriated foreign income.
"In general Japan's major automakers showed a brisk performance for the past fiscal year on the back of strong demand in North America and the positive impact of the weak yen," Shigeru Matsumura, auto analyst with SMBC Friend Securities, said.
"They are expected to continue to show firm results for the current fiscal year thanks to those issues."
Honda, Japan's third-biggest motor firm, said it earned 367.15bn yen (£2.4bn) on revenue of 9.87trn yen (£64bn), up from 7.95trn yen (£52bn) a year earlier.
It also reported an operating profit of 544.8bn yen (£3.57bn), up 135.5% from the previous year.
Sales increase for the quarter, year-on-year, were up 14% and quarterly profit up nearly 6%. The company expects continued profit growth into 2014.
Japanese car and durable goods producers are expecting sales increases before the government hikes the national VAT rate to 8% from the current 5% over the next year. It is due to reach 10% by 2015.
Japanese industry has benefited from the big-spending and easy-money policies of Prime Minister Shinzo Abe, who swept December elections on a promise to inject new life into the world's third-largest economy with quantitative easing policies.
Honda's latest results appeared to cast off a downturn in China stemming from a diplomatic row that sparked a consumer boycott of Japanese goods in the world's biggest vehicle market.
The encouraging Honda news comes amid languishing European demand and falling UK vehicle numbers.
Production fell across Britain's car making industry by 2% - with the drop in March reaching 6.3%.
Anda sedang membaca artikel tentang
Honda Gets Into Gear With Huge Profit Rise
Dengan url
http://slimingsuiter.blogspot.com/2013/04/honda-gets-into-gear-with-huge-profit.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Honda Gets Into Gear With Huge Profit Rise
namun jangan lupa untuk meletakkan link
Honda Gets Into Gear With Huge Profit Rise
sebagai sumbernya
0 komentar:
Posting Komentar