Honda H1 net profit up 19%, but cuts annual outlook

TOKYO: Honda on Tuesday said its six-month net profit jumped almost 19%, but the Japanese automaker, dented by a series of recalls, cut its earnings outlook for the full fiscal year.

The Civic and Accord maker posted a 288.41 billion yen (US$2.67bil) net profit in April-September, up from 242.87 billion a year earlier, while sales rose to 6.0 trillion yen from 5.72 trillion yen.