To the surprise of many Honda Motor Co.. announced record profits during its first fiscal quarter supported an increase in sales in new markets, which helped care for the damage caused by the strong yen and an increase in materials.
Honda, the second automotive company in Japan, won 1.68 billion dollars during the period from April to June, an increase of 8.1% over the same month of 2007 and 480 million on initial estimates.
Despite these figures total sales in the quarter fell by 2.2% to 26.79 billion dollars, mainly due to an increase in the yen that has eliminated many of the foreign earnings, which must be said that if the yen find the levels a year ago, sales would have risen by 7%.
Not only economic figures are good, Honda has also confirmed that during the first fiscal quarter was sold as many cars in its history, reached 962,000 units, or an increase of 1.7% per annum.
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