Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / People/  Sony rebounds to profit in April-June quarter
BackBack

Sony rebounds to profit in April-June quarter

Sony rebounds to profit in April-June quarter

Premium

Tokyo: Sony returned to profit in the April-June quarter and raised its full year earnings forecast amid higher sales of its PlayStation gaming consoles, personal computers and televisions.

The Tokyo-based electronics and entertainment giant is reporting a profit of 25.7 billion yen or $294 million at current exchange rates for the period, a sharp turnaround from a 37.1 billion yen loss a year earlier.

It booked a 3.8% increase in revenue to 1.66 trillion yen. Operating profit came to 67 billion yen compared with an operating loss of 25.7 billion yen in the same period last year.

Sony upgraded its forecast for the full year through March 2011. It now expects a net profit of 60 billion yen on revenue of 7.6 trillion yen.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 29 Jul 2010, 11:55 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie