Sony’s net doubles on camera
Sony, the world’s second-largest maker of consumer electronics, said first-quarter profit doubled after the dollar’s increase against the yen boosted overseas sales of Cybershot cameras and PlayStation 3 consoles
By Agencies |
TOKYO: Sony, the world’s second-largest maker of consumer electronics, said first-quarter profit doubled after the dollar’s increase against the yen boosted overseas sales of Cybershot cameras and PlayStation 3 consoles. Net income rose to 66.5 billion yen ($552 million) in the first quarter ended June 30, from 32.3 billion yen a year earlier, the Tokyo-based company said Thursday. Sales gained 13% to 1.98 trillion yen, beating analysts’ estimates. Sony kept its full-year earnings fore-casts unchanged. Operating profit, or sales minus the cost of goods sold and administrative expenses, tripled to 99.3 billion yen from 27 billion yen a year earlier in the quarter. The weaker Japanese currency added 25.7 billion yen to operating income, Sony said.
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