Honda Motor Co., Ltd. (HMC) reported that its second quarter profit attributable to owners of the parent increased year-on-year to 240.9 billion yen from 196.5 billion yen. Earnings per share was 139.53 yen compared to 111.70 yen. Operating profit was 282.9 billion yen, a year-on-year increase of 28.5%. The company said the increase was due primarily to control of SG&A expenses and cost reduction efforts. This was despite a decrease in profit related to changes in sales revenue and model mix.
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