Belfast Telegraph

UK Website Of The Year

Weak yen helps Sony turn profit

Published 10/05/2013

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.

Belfast Telegraph

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Read More

From Belfast Telegraph