TOKYO, April 25 Honda Motor Co on
Friday forecast a 3.6 percent rise in net profit for the year to
next March, below analyst estimates, saying it expects strong
sales of the remodelled Fit compact car globally including in
the United States.
Honda said it expects to post 595 billion yen ($5.8 billion)
in net profit this business year, compared with the 700 billion
yen mean estimate of analysts polled by Thomson Reuters I/B/E/S.
For the latest quarter to end-March, Japan's third-biggest
automaker more than doubled net profit to 170.5 billion yen,
boosted by a decline in the value of the yen and strong sales in
China and Japan.
Shares of Honda closed 1.0 percent higher ahead of the
result, compared with a 0.2 percent gain in the benchmark index
($1 = 102.2350 Japanese Yen)
(Reporting by Yoko Kubota; Editing by Christopher Cushing)