Harley-Davidson quarterly profit falls about 45%

28 April 2020 - 14:52 By Reuters
Harley-Davidson motorcycle engines are assembled at the company's Powertrain Operations plant in Menomonee Falls, Wisconsin, US.
Harley-Davidson motorcycle engines are assembled at the company's Powertrain Operations plant in Menomonee Falls, Wisconsin, US.
Image: Scott Olson/Getty Images

Harley-Davidson Inc reported a drop of about 45% in quarterly profit on Tuesday as motorcycle sales took a hit from global lockdowns due to the coronavirus pandemic.

Harley's net income fell to $69.7m (roughly R1,299,394,099), or 45 cents per share, in the first quarter ended March 29 from $127.9m (roughly R2,384,397,493), or 80 cents per share, a year earlier.

Motorcycles and related products revenue fell 8% to $1.10bn (roughly R20,735,700,000).

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