HONDA PROFIT FALLS 56% IN SECOND QUARTER
October 27 2009.

Honda's net profit fell 56% in the second quarter.

The company posted a net profit of Y54.04 billion in the quarter to Sept. 30, down from Y123.32 billion for the same period last year. Sales were down 27% in the period

The company is now predicting a net profit of Y155 billion for the year to March 2010.