Sony profits soar more than tenfold, forecast revised up

[TOKYO] Sony said on Friday its nine-month profit had soared more than tenfold, and upgraded its annual profit forecast, demonstrating that its roaring comeback is continuing.

The electronics giant, which has seen a sharp turnaround thanks to robust sales of PlayStation and smartphone parts, said it logged a nine-month net profit of 507.6 billion yen (S$6.07 billion), up from 45.6 billion yen in the same period last year.

It now forecasts annual net profit will reach 480 billion yen.

AFP