Honda announces profits jump

Honda’s quarterly profit surged nearly 63% as production recovered after disruptions from natural disasters.

The Japanese carmaker reported a 77.4 billion yen (€902m) profit for the October-December period, as sales jumped nearly 25% to 2.4 trillion yen (€28bn).

All the Japanese carmakers are seeing a dramatic recovery from the quake and tsunami in north-eastern Japan in 2011. Honda was also hit by flooding in Thailand in late 2011.

The carmakers are also reporting solid sales increases in the key US market and in Asian countries such as India and Indonesia.

The exception is China where anti-Japanese sentiment flared up last year over a territorial dispute.

Honda reported quarterly sales growth in all key global regions as well as in its motorcycle business.

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