Honda Posts Record Profits
#1
Honda Posts Record Profits
Honda says its net income for the fiscal fourth quarter ending March 31, 2003 totaled a record high $971 million, an increase of 9.4% from the same period in 2002.
Honda said in a statement that unit sales in all its business categories — motorcycles, automobiles and power products — increased for the fiscal fourth quarter and consolidated net sales and other operating revenue amounted to $1.77 billion, an increase of 1.3% over the corresponding period in 2002.
Honda attributed its increase in operating income to higher revenue from strong automobile sales in North America. In addition, Honda said its ongoing cost cutting strategies also contributed to the increase.
In Honda's sales in the fiscal fourth quarter by business category, motorcycle unit sales increased 18.0% to 2,068,000 units and revenue decreased 12.7%, to $2.18 million. Unit sales of automobiles increased by 7.4% to 780,000, due primarily to strong sales in North America. As a result, revenue increased 3.0%, to $1.42 billion during the quarter.
Honda said in a statement that unit sales in all its business categories — motorcycles, automobiles and power products — increased for the fiscal fourth quarter and consolidated net sales and other operating revenue amounted to $1.77 billion, an increase of 1.3% over the corresponding period in 2002.
Honda attributed its increase in operating income to higher revenue from strong automobile sales in North America. In addition, Honda said its ongoing cost cutting strategies also contributed to the increase.
In Honda's sales in the fiscal fourth quarter by business category, motorcycle unit sales increased 18.0% to 2,068,000 units and revenue decreased 12.7%, to $2.18 million. Unit sales of automobiles increased by 7.4% to 780,000, due primarily to strong sales in North America. As a result, revenue increased 3.0%, to $1.42 billion during the quarter.
#5
Originally posted by Python2121
rofl
i would attribute most of their success to accords and civics hehe
rofl
i would attribute most of their success to accords and civics hehe
With all the different things going on at Honda/Acura, it will be really exciting to see what their sales figures look like in the next couple years. I'm interested in seeing if they can infuse enough lemon zest into their cars to knock Nissan down a couple rungs.
Thread
Thread Starter
Forum
Replies
Last Post
snorf
2G RDX (2013-2018)
429
11-04-2019 06:44 AM
urbtsx
1G TSX Performance Parts & Modifications
9
03-04-2017 06:53 PM
bearingman07936
5G TLX Audio, Bluetooth, Electronics & Navigation
6
01-07-2016 03:22 PM
mugen_kid
Member Cars for Sale
7
11-13-2015 10:38 PM
asahrts
Member Cars for Sale
0
09-04-2015 05:55 PM