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Honda Sees Profit Up 20%
Honda raised its annual operating profit forecast by 20%, from 650 billion yen to 780 billion yen (about $4.94 billion), supported by strong demand for hybrid vehicles and a weaker yen, which helped offset declining sales in China. However, its second-quarter operating profit fell 39% to 118 billion yen, weighed down by 484.8 billion yen in electric-vehicle restructuring costs.
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