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Last Updated: Wednesday, 26 April 2006, 06:47 GMT 07:47 UK
Honda sees earnings speed ahead
Honda Civic on display at the Frankfurt motor show 2005
The new Civic caused a stir when it was unveiled last year
Japanese car giant Honda has seen its quarterly earnings speed ahead by 133%, on the back of strong overseas sales.

The maker of the popular Civic and Accord cars reported net profits of 219.5bn yen ($1.9bn; 1.1bn) for the three months to March 2006.

A soft yen and accounting one-offs also boosted Honda in its fourth quarter.

However, Japan's third-biggest carmaker warned that overall earnings for the current financial year would be weaker than expected.

The Tokyo-based firm forecast a 7.9% fall in net profits to 550bn yen for the full year ending in 2007.

Honda said that it expected to sell 3.72 million vehicles this year, up from 3.39 million last year.




SEE ALSO:
Honda starts work on new UK Civic
13 Oct 05 |  Business
Honda workers get 4.3% pay rise
11 Mar 05 |  Wiltshire
Honda boosts UK investment
10 Sep 01 |  Business


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