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JAPAN'S HONDA EXPECTS GROUP NET PROFIT TO SURGE 36 PCT.
TOKYO, May 1 Asia Pulse - Honda Motor Co. (7267) said Friday that it expects consolidated net profit to surge 36 per cent from a year earlier to 315 billion yen (US$2.56 billion) in the year through March 2002, showing a strong turnaround from the 11 per cent fall in group net profit to 232.2 billion yen in fiscal 2000.
The fiscal 2001 profit will likely be the highest since fiscal 1998.
Honda plans to increase its annual dividend by 3 yen from the previous year to 26 yen per share for the current fiscal year.
The bright outlook is supported by continuously strong domestic sales, as well as the yen's depreciation against the dollar.
In fiscal 2001, group sales are projected to rise 11 per cent year on year to 7.15 trillion yen.
Domestic vehicle sales are likely to increase 7 per cent to 830,000 units, compared ...
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