Honda Motor Company (HMC) has released an update.
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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.
