Honda predicts19% profit jump

Honda Motor Co. predicts a 19 percent increase in its operating profit on Thursday, after failing to meet analyst forecasts in the fourth quarter.

The Japanese automaker is expecting the operating profit to reach $7.40 billion, as it sees higher sales volume and to benefit from a strengthening supply chain.

It is worth mentioning that the company has reported its operating profit for the first three months of 2023 was $785 million.

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