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Sony's April-June profits more than triple to US$664m

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Sony said Thursday its April-June net profit more than tripled to US$664 million and kept its full-year forecast unchanged, as the company emerges from a painful corporate restructuring that included layoffs and asset sales.

[TOKYO] Sony said Thursday its April-June net profit more than tripled to US$664 million and kept its full-year forecast unchanged, as the company emerges from a painful corporate restructuring that included layoffs and asset sales.

The Tokyo-based electronics giant logged a quarterly net profit of 82.4 billion yen (S$911 million), while operating profit also jumped 38.8 per cent to 96.9 billion yen.

Sales were flat, however, edging down 0.1 per cent to 1.8 trillion yen.

AFP

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