Honda profit static

HONDA Australia last week announced it recorded a consolidated profit of $81 million (after tax) on revenue of $1.6 billion for the financial year ending March 31, 2006.

The result covers its motor vehicles, motorcycle, marine and power products businesses and was the same profit it recorded for the 2004/05 financial year.

However, revenue was down $10 million for the period due to increased overall costs, according to a spokesman. Honda Australia refused to divulge specific financial details on its motor vehicles unit.