Sharp said it hit record net profit in the year to March on continued robust demand for liquid crystal display (LCD) televisions and camera-equipped cellphones.

Net profit rose 26.6 percent to 76.85 billion yen (725 million dollars) as operating profit climbed 24.1 percent to 151.02 billion yen and sales jumped 12.5 percent to 2.54 trillion yen, also record figures. The results were slightly ahead of the company's own forecast.

For the current year to March 2006, Sharp forecast even better results, a net profit of 87 billion yen and operating profit at 160 billion yen on revenue of 2.75 trillion yen.

"To maintain the profitability of our LCD TV business, we will increase the ratio of sales of LCD TVs with a size of more than 30 inches to 30 percent in the year to March 2006 from 22 percent in the past year," the company said.

By: DocMemory
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