Sony Corp posted a net profit of 3.48 billion yen
(35 million dollars) in the April-to-June quarter on a weaker yen and
strong sales of smartphones, the company said Thursday.
It was a turnaround from a net loss of 24.64 billion yen in the same period last year.
The Japanese consumer electronics maker also booked an operating profit of 36.4 billion yen for the April-to-June period, compared with an operating loss of 6.3 billion yen a year ago, while sales were up 13 per cent to 1.71 trillion yen.
Sony raised a sales outlook for the current financial year to March 2014 to 7.9 trillion yen from 7.5 trillion yen it had estimated three months ago.
The company maintained its net profit forecast at 50 billion yen and operating profit outlook at 230 billion yen for the year.
For the previous financial year, which ended in March, Sony returned to the black for the first time in five years thanks to a weaker yen and rising share prices. The company posted a net profit of 43 billion yen for the year, a turnaround from a record annual net loss of 456.7 billion yen for fiscal 2011.
Most Popular Stories
- Doctor Who Christmas Episode Begins Production
- HCL America Adding 1,200 IT Jobs
- Medical Mfg. Jobs Coming to Dayton
- Michael Jackson, Freddie Mercury on Previously Unreleased Queen Cut
- Longtime Unemployed to Get Help in Las Vegas
- SpaceX Aims for Predawn Launch on Saturday
- Women Key to Democratic Party: Clinton
- U.S. Chamber Caught Up in Tax Inversion Question
- Feds Won't Say How Many Border Crossers Jailed
- Christie Didn't Order Bridge Shut Down, Feds Say