Sunday, December 21, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Introduces SE790C Curved Monitor
Chinese Motion-sensing VR Glasses Coming On Kickstarter
Kodak Returns To CES With Consumer Product Line
North Korea Suggests Joint Inverstigation With U.S. Over Sony Hacking
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 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
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
Sharp Licensing TV Brand in Europe to Slovak Universal Media
Sharp Pushes Back Production Of Energy-efficient MEMS-IGZO Displays
Sharp, Pioneer Dissolve Their Capital Alliance
Sharp Launches 12-Mpixel CMOS Sensor for 4k Video
Sharp Brings Bezel-free Smartphone To The U.S.
Chinese Smartphones Boost Sharp's 1Q Operating Profit
Sharp Develops Brighter LED for LCD Backlights
Sharp to Exit TV And Home Appliance European Markets

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .