Honda Motor Company (HMC) has released an update.
Honda Motor Co., Ltd. reported a 12.4% increase in consolidated sales revenue for the six months ending September 30, 2024, driven by strong performance in its Motorcycle and Automobile segments and favorable currency effects. Despite this, operating profit rose by only 6.6%, and profits before income taxes fell by 15.6%, highlighting challenges in investment returns. Investors may note that while sales surged, the overall profit for Honda’s shareholders decreased by 19.7% compared to the previous year.
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