Honda doubles full-year profit forecast, boosted by China rebound

Topics Honda Motor Co | China | Auto sales


By Tim Kelly TOKYO (Reuters) - Honda Motor Co on Friday more than doubled its full-year operating profit forecast as it reported second-quarter earnings grew 28% amid a rebound in China after auto sales were squeezed by the impact of the coronavirus pandemic. Japan's third-biggest automaker said it now forecasts a full-year operating profit of 420 billion yen ($4.

06 billion) up from a previous prediction of a 200 billion yen profit. That was well above an average estimate for a 254.6 billion yen profit compiled from 19 analysts.....

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