Honeywell International Inc. recently announced its performance report for the first quarter of fiscal year 2011. The report shows that the company’s net profit rose by 44% year-on-year, from US$489 million in the same period last year to US$705 million. Quarterly net income rose 15% year-on-year to 8.91 billion U.S. dollars. This result exceeded the analyst's previous average of 8.6 billion US dollars. Honeywell said that the first quarter of this year's performance was mainly driven by the sharp increase in revenue from the auto parts and chemicals sectors. The company stated that its main business group’s revenue and operating profit both increased, and its overall business operating profit margin increased from 13.3% in the same period last year to 14.5%. The company said that the quarterly performance of the transportation systems sector is gratifying. It is reported that the sector’s profit rose by 50% year-on-year to US$144 million, and revenue rose by 19% year-on-year to US$1.2 billion. This is mainly due to the higher profitability of the sector and the introduction of new gasoline and diesel engine turbocharger products. It is reported that the company’s expected net income in the second quarter of this year will range from $9.1 billion to $9.4 billion. In addition, in the report, the company also stated that it had re-adjusted its full-year earnings forecast for fiscal year 2011. The company said that the company's profitability in 2011 will increase by 30% on the basis of 2010. Injection Molds,Injection Molding Part,Plastic Molding Injection,Plastic Injection Moulds Shenzhen Yuheng Precision Machinery Co., Ltd. , https://www.yhcncmachiningparts.com