Honda Motor Co. Sees Revenue Growth Amid Profit Challenges
Company Announcements

Honda Motor Co. Sees Revenue Growth Amid Profit Challenges

Honda Motor Company (HMC) has released an update.

Honda Motor Co. reported a 12.4% rise in sales revenue for the first half of fiscal 2024 compared to the previous year, reaching 10.8 trillion yen. Despite this increase, profits before income taxes fell by 15.6% to 742 billion yen, signaling potential challenges in maintaining profit margins. The company also announced plans to acquire its own shares, indicating a strategic move to enhance shareholder value.

For further insights into HMC stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyHonda reports 1H24 EPS Y103.25 vs. Y124.63 last year
TheFlyHonda sees FY25 EPS Y202.00
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App