Thursday, January 26, 2006
Sony reported a 47 percent jump in quarterly profit amid strong sales of a portable game console, bullish performance by its financial division, and weaker yen. It has raised its full year outlook to a profit from loss.
Sony's core electronics unit posted a higher profit in the quarter, helped by a softer yen and cost-cutting efforts which made up for sliding demand for traditional cathode-ray tube TVs and tumbling prices of image sensor chips.
The company also booked strong sales of liquid crystal display (LCD) televisions, notebook personal computers and high-definition video cameras.
Sony said its group operating profit came to 202.8 billion yen ($1.75 billion) in the third quarter ended in December, against a profit of 138.2 billion yen a year earlier. Sales surged 10.2 percent to 2.37 trillion yen.
For the full year to March, Sony revised its forecast to an operating profit of 100 billion yen from a loss of 20 billion yen. The market consensus was for a profit of 26 billion yen.
By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved
|
