Belfast Telegraph

Honda earnings see sharp drop

Battered by a strong yen and supply disruptions due to Thailand's floods, Honda said net earnings in the October-December quarter fell 41% to 47.6bn yen (£395.5m) and projected a fall in full-year profits.

The Japanese firm forecast it would earn 215bn yen (£1.79bn) for the year to March, down nearly 60% on the previous financial year.