Honda Motor Posts Profit In Q4 - Quick Facts

(RTTNews) - Japanese automaker Honda Motor Co. Ltd. (HMC) Friday reported that its fourth-quarter consolidated profit attributable to owners of the parent totaled 95.96 billion yen or 53.24 yen per share. This compares to last year's consolidated loss of 93.44 billion yen or 51.85 yen per share.

For the quarter, the Group's consolidated operating profit was 138.1 billion yen compared to last year's operating loss of 63.83 billion yen, mainly due to lower SG&A expenses. Consolidated sales revenue for the fourth quarter rose by 2.9 percent to 3.763 trillion yen, due primarily to increased sales revenue in financial services business and automobile business operations.

For the fiscal year 2018, the Group projects 530.0 billion yen in attributable profit, 294.07 yen in earnings per share and 14.20 trillion yen in sales revenue.