Belfast Telegraph

Wednesday 16 April 2014

Weak yen helps Sony turn profit

Sony is back in the black for the fiscal fourth quarter, recording a 93.9bn yen (£611m) profit, with big help from a weaker yen that boosts overseas earnings.

The Japanese electronics and entertainment company sank to a 255.2m yen loss in the same period the previous year, hit by its money-losing TV business and competition from rivals.

Quarterly sales rose 8% to 1.7trn yen (£11mn). A weak yen helps Japanese exporters and the dollar has gained 20% against the yen in recent months.