Honda Motor Co. said Friday its net profit for the year ended March rose 70.0 percent from a year earlier to 1.11 trillion yen ($7.1 billion), lifted by a robust recovery of vehicle sales following the coronavirus pandemic.

Sales grew 20.8 percent to 20.43 trillion yen in the year, the automaker said.

For the current business year, Honda projects a net profit to fall 9.7 percent to 1.0 trillion yen on sales of 20.3 trillion yen, down 0.6 percent.

==Kyodo

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