Japanese automaker Honda Motor Co. Ltd. (HMC: Quote) posted a surge in first-quarter consolidated net income attributable to the company to 131.7 billion yen from year-ago quarter's 31.7 billion yen, with pre-tax income climbing nearly 6.6 times to 194.7 billion yen from 29.2 billion yen in the prior year.
Quarterly consolidated net sales and other operating revenue were 2.44 trillion yen, up 42.1% from 1.71 trillion yen last year, chiefly due to strong sales of new models in automobile business and higher revenue as a result of a recovery from the impact of the Great East Japan Earthquake.
The earlier announced forecasts for fiscal year ending March 31, 2013 would remain unchanged. The quarterly dividend for the first quarter would be 19 yen per share, a 4 yen growth compared with the quarterly dividend for the previous year. The total cash dividends to be paid for the year ending March 31, 2013 are planned to be 76 yen per share, an increase of 16 yen per share from last year.
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by RTT Staff Writer
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