Downtrend: A Honda Motor dealership in Tokyo, Japan. Honda’s operating profit for the year ended in March fell 13% to US$5.9bil, falling short of a consensus estimate drawn from 19 analysts polled by Refinitiv. — Bloomberg
TOKYO: Honda Motor Co has posted its lowest operating profit in four years and refrained from releasing an earnings outlook for the current business year as the coronavirus pandemic hits global car demand.
“It is difficult to predict when Covid-19 will subside and how situations in each country and region will develop, ” Honda said in its earnings release.
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