Honda full-year net profit up 56pc to $5.6bn

TOKYO: Japanese automaker Honda said Friday its net profit soared to $5.6 billion in the fiscal year to March, thanks to brisk overseas sales and a weaker yen.

Earnings for the period came in at 574 billion yen ($5.6 billion), more than 56 percent higher than a year earlier, while revenue rose about 20 percent to 11.84 trillion yen. The company also boosted its profit forecast for the current fiscal year to 595 billion yen.