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Honda slashes annual profit outlook on disasters, yen

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Tue, 31 Jan 12 3:13 PM | 124 view(s)
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Honda slashes annual profit outlook on disasters, yen

TOKYO (Reuters) - Honda Motor Co forecast a worse-than-expected 65 percent drop in profit for the year to March after natural disasters in Japan and Thailand hammered it harder than its rivals while the strong yen delivered an added blow.

TOKYO (Reuters) - Honda Motor Co slashed its annual profit guidance to the lowest level in three years as it counted the cost of natural disasters in Japan and Thailand and a strong yen. But it forecast a healthy rebound next year.

Chang-Ran Kim

TOKYO
Tue Jan 31, 2012 2:54am EST

link-
http://www.reuters.com/article/2012/01/31/us-honda-idUSTRE80T1XX20120131




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