Honda Australia Financial Results
August 7, 2007 by George Skentzos
Honda Australia Pty Ltd has recorded a consolidated profit of $80 million after related income tax expense on revenue of $1.9 billion for the financial year ended March 31, 2007.
Announcing the result today, Honda Australia Senior Director Lindsay Smalley said that the profits were driven by an increase in sales volume of all Honda products distributed in Australia and a focus on an efficient local operation.
Honda’s stake in motorcycles, power products and marine business contributed significantly to the overall result, with the motorcycle division maintaining its market leading position and on-going strong sales from the other divisions.
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My god…in proportion Honda has better economy scale with unit sales vers profit than even the all mighty Toyota, the market leader by volume! who would have thought!?