Sunday, March 29, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Lists Windows 10-Compatible Phones
Intel in Talks to buy Altera: report
MediaTek Releases New High-end Smartphone Helio SoC
Google To Get Into The Operating Room
Data Requests To Microsoft Decreased
Google Defeated in English Court - Decision Opens Door for Litigation by Millions of British Apple Users
LG G4 Smartphone Coming Late April
BlackBerry Posts Quarterly Profit
Active Discussions
how to copy and move data files to dvd-rw
cdrw trouble
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
 Home > News > Consumer Electronics > Sharp P...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, February 01, 2013
Sharp Posts Small Q3 Profit


Sharp on Friday reported reduced net loss along with a small operating profit in its latest quarter.

The Japanese company reported a net loss of 36.7 billion yen ($398 million), in the three months ended Dec. 31 compared with a loss of Y173.6 billion in the same period a year earlier. On an operating basis, the company bounced back into the black with a profit of Y2.6 billion. Revenue rose 15% to Y678.2 billion.

Sharp said its earnings were bolstered by sales of home appliances and mobile phones, along with a weaker Japanese yen that helped it compete overseas. The company added it made money from its TV business in the third quarter but forecast deeper annual losses from LCD panels due to softer demand for small and medium sized panels for smartphones.

Sharp warned that such losses may raise uncertainty about Sharp's future. In addition, the company's credit rating has been lowered to levels below investment grade, pushing the company to sell its TV-related factories as well to mortgage its offices and factories in Japan, in order to raise cash. Sharp may sell its Chinese TV assembly plant to Lenovo Group, according to earlier reports. The company is also in talks to sell a Mexico factory to Hon Hai Precision industry. The company has also striked an n agreement to accept a capital injection of up to Y9.9 billion ($120 million) from Qualcomm.

For the full-year to March, Sharp said it is maintaining its forecasts for a net loss of Y450 billion, an operating loss of Y155 billion and revenue of Y2.46 trillion.


Previous
Next
Panasonic Returns To Profitability        All News        Sony PlayStation Event Set For February
Panasonic Returns To Profitability     Consumer Electronics News      Samsung Showcases Its Future Commercial Displays at ISE 2013

Get RSS feed Easy Print E-Mail this Message

Related News
Hon Hai May Invest In Sharp
Sharp to Cut Significant Workforce In Japan: reports
Sharp Will Not Appeal IGZO Court Decision
Sharp To Seek For A Second Bailout: Nikkei
Sharp Develops New Touch-Panel Handwriting Input System
Sharp Launches Professional Grade 4K Ultra HD Display
Sharp Reports Net Loss
Sharp At CES 2015
Sharp Showcases 4.1-inch, 736ppi IGZO LCD Prototype
Sharp 2Q Profit Slides
Sharp To Produce New Backlight-free LCD Panel For Wearables
Sharp To Start Making 4K Displays For Smartphones

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .