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Honda profit declines 39% in second quarter

By Reuters News

TOKYO, Nov 10 (Reuters) - Honda 7267.T booked a surprise drop in second-quarter profit on Tuesday as high parts and material costs stemming from the Iran war and slumping sales in China weighed on its results.

Operating profit for the July-September quarter fell 39% from a year earlier to 118 billion yen ($746.98 million), compared with a median forecast of 250 billion yen in a poll of nine analysts surveyed by LSEG.


($1 = 157.9700 yen)

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