Honda annual profit up 7.8 pct on strong US sales

Newswire

TOKYO, April 25 (Reuters) - Honda Motor Co reported on Friday a 7.8 percent rise in operating earnings last year as it sped past rivals in the key U.S. market, but predicted a fall in profits this year amid renewed concerns about U.S. car demand. Operating profit for the year to the end of March was 689.45 billion yen ($5.75 billion), better than the company's estimate of 660 billion yen and a median analyst forecast of 665 billion yen in a survey of 22 brokerages by Reuters Research. ...

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