×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: AS | Japan | Earns | Sony

Sony Says 1H Net Profit off 15%, Upgrades Full Year Forecast

Sony Says 1H Net Profit off 15%, Upgrades Full Year Forecast

Wednesday, 30 October 2019 05:39 AM EDT

TOKYO (AP) — Sony Corp. says its net profit fell 15% in the first half of the year, though strong sales of entertainment and imaging sensors offset weakness in the games sector.

Tokyo-based Sony, which makes Bravia digital TVs and the Aibo robotic dog, upgraded its earnings forecast for the full fiscal year on expectations for stronger sales and lower taxes.

The company said Wednesday that its sales dipped 2% from a year earlier in April-September, to 4 trillion yen ($37.2 billion).

It said net profit was 340 billion yen ($3.1 billion), compared with 399 billion yen in the same period a year earlier.

Quarterly sales fell 3% to 2.1 trillion yen ($19.3 billion).

Sony's profit forecast for the year ending March 31, 2020, was 540 billion yen ($5 billion), up 8%.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Sony Corp. says its net profit fell 15% in the first half of the year, though strong sales of entertainment and imaging sensors offset weakness in the games sector.Tokyo-based Sony, which makes Bravia digital TVs and the Aibo robotic dog, upgraded its earnings forecast for...
AS,Japan,Earns,Sony
131
2019-39-30
Wednesday, 30 October 2019 05:39 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved