Honda profit soars fivefold from previous year
Honda says its profit for the October-December quarter soared fivefold from the previous year to 134.6 billion yen as it slashed research expenses and other costs to offset declining sales.
Tokyo, July 29 Honda Motor Co saw its net profit plunge 95.6 percent to 7.56 billion yen in the April-to-June quarter because of a global decline in auto sales, the Japanese carmaker said Wednesday.