Honda to profit in the fourth quarter, earning $ 7.71
21st century Web news according to foreign media reports today, Japan's second largest automobile manufacturer Honda car (Honda Motor Co) today announced fourth quarter and fiscal 2009 results. The report shows that Honda automobile to profit in the fourth quarter and fiscal year forecast current net profit will grow 27 percent, due to the company in North America the largest market of automobile demand recovery.
In the ending 31 March of the quarter, Honda's net profit to 721 million yen (approximately $ 7.71 million), this performance is far better than the same period last year, but not and analyst expectations. In the fourth quarter of fiscal 2008, Honda's net loss for the 1860 billion yen (approximately $ 19.89 million). Pengboshe survey surveyed three analysts prior average expected, Nomura holdings fourth quarter net profit of 805 million yen (approximately $ 8.61 million).
Throughout fiscal 2009, Honda's net profit-2684 billion yen (approximately $ 28.7 million), compared to fiscal 2008 increased by 96%, mainly due to the company in the United States and Japan sales rebound in the market, and taking measures to reduce expenditure.
Honda prediction, as at 31 March of the current fiscal year, the company's net profits may be 34 million yen (approximately 36 million), higher than the same period last year of 2684 billion yen (about $ 29 billion); revenue may 9.34 trillion yen (about $ 994 million), higher than the same period last year by 8.58 trillion yen (about $ 913 million).
Results show that Honda is expected for the current fiscal year in the North American market of car sales to 148 million, compared with the previous fiscal year and an increase of 14%, because the North American automobile market is moving from recession to achieve recovery. Honda's Executive Vice President, Kondo Koichi (Koichi Kondo) today interview prediction that United States 2010 overall demand in the automotive industry can achieve 1130 million units.
According to research firm Autodata Corp, New Jersey, United States automobile sales in March for the fifth consecutive month of growth, to 107 million units. , Honda Accord (Gallery Forum) in United States market sales growth of 23%, to 108262 vehicles. This month, Honda is the first time on all Honda brand vehicles provides discount.
(21 century network)