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Honda Q4 jumps 142%, sees rosy year after disasters

Operating profit for the January-March fourth-quarter was 111.98 billion yen

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Reuters Tokyo

Honda Motor Co posted a 142.3% jump in quarterly operating profit on Friday as production recovered from the earthquake and tsunami in Japan last year.

Operating profit for the January-March fourth-quarter was 111.98 billion yen, slightly lagging an average estimate of 123.2 billion yen in a survey of 23 analysts by Thomson Reuters I/B/E/S.

Net profit, which includes earnings made in China, rose 60.7% to 71.59 billion yen.

Honda suffered the most from the disasters in Japan and Thailand last year, and only re-started work at its Thai car plant at the end of March after a six-month hiatus.

Honda's shares have risen about 5.5% in the past three months, lagging gains of around 14% by both Toyota Motor Corp and Nissan Motor Co.

 

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First Published: Apr 27 2012 | 11:53 AM IST

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