Saturday, April 19, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Ex-Apple CEO To Sell Mobiles In India
HTC Hired Ex-Samsung Marketing Officer
Xbox One Wolrdwide Sales Cross 5 million
Samsung Works With GLOBALFOUNDRIES On 14 nm FinFET Offering
Facebook To Find Nearby Friends
Console Sales Lift AMD's First Quarter Results
LG Expands 'Second Screen' TV Ecosystem With Open-Source SDK
Amazon Announces Kindle Service For Samsung Devices
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 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 Reports Improved Results
Sharp Unveils 15.6-inch Windows 8.1 Tablet, 70-inch Big Pad
Sharp Introduces Quattron+ TVs
Sharp Delivers Wireless Audio and Full HD Video With WiSA-Compliant Universal Player
Sanyo Settles LCD Patent Dispute With Sharp
Sharp Reports Quarterly Profit After Two Years
Sharp Set To Release More Affordable 4K TVs
Sharp to Begin Production of IGZO LCD Panels for Smartphones at Kameyama Plant No. 2
Sharp Showcases Medius Pad Tablet, MEMS Display At CEATEC
Sharp Begins Sample Deliveries of 4K2K IGZO LCD Panels for 15.6-Inch Notebook PCs
Sharp To Offer Monitoring Solutions Through Commercial TVs
Sharp, Samsung Talks Over Copier JV Ended: report

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 .