Page last updated at 08:17 GMT, Wednesday, 28 April 2010 09:17 UK

Honda sees profits and sales rise

Honda president Takanobu Ito with the new concept car CR-Z at the 41st Tokyo Motor Show in September 2009
Honda has raised its profit forecast for the year

Japanese carmaker Honda has reported a profit for the first three months of 2010, following losses a year ago.

The company said it made a net profit of 72bn yen (£507m; $772m) between January and March, with sales up 28%.

A recovery in the major US and Japanese car markets helped Honda, as well as expansion in developing markets including China.

Honda also announced that it expected annual profits for the year as a whole to be up 10%.



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