Asian American Supersite
                                                            

Subscribe

Subscribe Now to receive Goldsea updates!

  • Subscribe for updates on Goldsea: Asian American Supersite
Subscribe Now

Sony Returns to Modest Profits

Sony Corp. says it returned to black in the July-September quarter on better sales of its PlayStation gaming consoles and personal computers.

The Tokyo-based electronics and entertainment company on Thursday reported a profit of 31.1 billion yen ($375 million) for the quarter. It was a big rebound from the 26.3 billion yen loss it posted during the same period last year.

Revenues climbed 4.3 percent to 1.73 trillion yen. Operating profit came to 68.7 billion yen compared with an operating loss of 32.6 last year.

Sony revised its forecasts for the full fiscal year through March 31. It now expects net profit of 70 billion yen, 17 percent more than its previous forecast of 60 billion yen. It lowered its sales outlook slightly to 7.4 trillion yen.

TOKYO (AP)

Articles

External Links