Honda nine month net profit falls 71pc, cuts forecasts

TOKYO: Honda Motor said Tuesday its net profit in the nine months to December slumped 71.4 percent from the previous y

Published January 31, 2012 Updated January 31, 2012 06:19am

1 min

By Shoaib Ur Rehman

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Net profit for the period fell to 139.89 billion yen ($1.84 billion) from 489.53 billion yen, Honda said. Sales were down 17.6 percent to 5.54 trillion yen and operating profit fell 77.2 percent to 119.39 billion yen.

The company also slashed its annual forecasts.

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