Sony shares hit 22-month high as analysts predict record profit
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Tokyo
SONY Corp shares jumped to their highest level since May 2015 after a bullish earnings report triggered analyst predictions that the electronics maker could achieve record profit this year.
The Tokyo-based company rose 3 per cent to 3,873 yen at the close in Tokyo on Monday after forecasting operating profit of 500 billion yen (S$6.2 billion) for the fiscal year through March 2018, thanks to continued dominance in gaming and strong growth in phone-camera chips.
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