Honda posts 13% drop in annual operating profit
Reuters
Published May 12, 2020 02:17AM ET
TOKYO (Reuters) - Honda Motor Co (T:7267) on Tuesday posted an 13% decline in annual operating profit as the coronavirus pandemic started to take its toll on global car demand.
Operating profit for the year ended in March came in at 634 billion yen ($5.9 billion), falling short of a consensus estimate of 669 billion yen profit drawn from 19 analysts polled by Refinitiv.
Honda declined to give an earnings forecast for the current business year.
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Written By: Reuters
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