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Honda posts record Q1 profit on strong U.S. sales

TOKYO, July 29 (Reuters) - Honda Motor Co , Japan's second-largest automaker, posted a record quarterly operating profit of 170.82 billion yen ($1.44 billion) for April-June on Monday, fuelled by brisk sales of light trucks in the United States and a weak yen compared with year-earlier levels.

The 12.8 percent rise in consolidated operating income from a year earlier came in at the low end of analysts' forecasts which ranged from 172 billion yen to 207 billion yen.

Sales rose 10 percent to 1.937 trillion yen while net income climbed to a record 107.6 billion yen, or 110.42 in earnings per share compared with 91.72 yen a year earlier .

The first quarter earnings follow record results of more than a 50 percent jump to 639 billion yen in operating profit and to 363 billion yen in net income in the last business year to end-March, also on healthy sales and a weak yen.

($1=118.77 Yen)