May 8, 2019 / 7:32 AM / 13 days ago

Honda sees 6 pct rise in annual profit on Europe factory revamp

May 8 (Reuters) - Honda Motor Co forecast on Wednesday a 6 percent increase in operating profit for the current fiscal year due to cost reduction efforts and a restructuring of its production network in Europe.

Japan’s third-biggest automaker expects profit to rise to 770 billion yen ($7 billion) in the year to March 2020, compared with the 834 billion yen average of 22 analyst estimates compiled by Refinitiv. ($1 = 110.1100 yen) (Reporting by Kevin Buckland; Editing by Muralikumar Anantharaman)

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