Japanese automaker Honda reports booming profit on sales growth, weak yen

Hond has reported that its profit for the fiscal year through March jumped 70% as its vehicle sales grew and a weak yen buoyed overseas earnings

ByYURI KAGEYAMA AP business writer

TOKYO — Honda’s profit for the fiscal year through March jumped 70% as vehicle sales grew and a weak yen buoyed overseas earnings, the Japanese automaker reported Friday.

Annual profit at Tokyo-based Honda Motor Co. totaled 1.1 trillion yen ($7 billion) as sales surged nearly 21% to 20.4 billion yen ($131 million).

Weaker sales in China were offset by strong demand in the U.S. market.

Honda sold more than 2.8 million vehicles globally, up from 2.3 million a year earlier, with