Honda Posts Strong Net Profit For Q1

Honda Motor Co Ltd HMC has reported its Q1 group net profit at Y272.49 billion, up from Y7.56 billion in the year-ago quarter. HMC's Q1 group revenue came in at Y2.36 trillion, as compared to Y2.00 trillion in the same quarter a year ago. Honda also declared a dividend and stock buyback with the results. HMC’s shares gained 0.08% to $31.03 in after-hours trading. Read more from Benzinga's Company news.