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Honda posts record profit for quarter
HONDA has posted a record $3.15bn profit (£2bn) fuelled by strong sales in Asia.
The Tokyo-based company revised up its annual net profit forecast by 33.8 per cent for the year ending March 2011.
“The company posted a healthy operating profit and net profit, which both turned out to be the record high for a first quarter,” said Honda vice president Koichi Kondo.
“The company saw brisk sales in all divisions, but we expect to sell more vehicles such as large-size SUVs… especially in North America.”