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Sony nearly doubles first-half net profits, upgrades forecast

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Sony on Tuesday announced its six-month net profit had nearly doubled from last year to a new record, and upgraded its annual forecasts, with games and movies leading the way.

[TOKYO] Sony on Tuesday announced its six-month net profit had nearly doubled from last year to a new record, and upgraded its annual forecasts, with games and movies leading the way.

The electronics and entertainment giant said April-September net profit reached 399.4 billion yen (S$4.84 billion), up 88.7 per cent from a year ago and marking a record high for the period.

Operating profit rose 20.1 per cent to 434.5 billion yen, while sales reached 4.1 trillion yen, up 5.5 per cent.

AFP

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