Honda profit falls by 88 percent because of the tsunami Japan
Honda Motors announced its profits decline by 88 percent in the first quarter that followed the earthquake and tsunami, March 11 / March in Japan.
Honda said it posted a net profit of 31.7 billion yen ($ 408 million) compared to 274 billion yen since the year before.
The disruption of production due to Honda's lack of spare parts after the earthquake and tsunami to disrupt supplies.
But in reference to the situation improves, Honda raised its forecast for profit for the year completed by 35%.
Honda Motors announced its profits decline by 88 percent in the first quarter that followed the earthquake and tsunami, March 11 / March in Japan.
Honda said it posted a net profit of 31.7 billion yen ($ 408 million) compared to 274 billion yen since the year before.
The disruption of production due to Honda's lack of spare parts after the earthquake and tsunami to disrupt supplies.
But in reference to the situation improves, Honda raised its forecast for profit for the year completed by 35%.
