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Sony profit down sharply in Q1, trims FY sales outlook again
2016-07-29 08:29:00| Telecompaper Headlines
(Telecompaper) Sony reported lower results for its fiscal first quarter to June, hurt by a sharp slowdown in smartphone sales and disruption to its components business from an earthquake in Japan. Sales fell 10.8 percent from a year earlier to JPY 1.613 trillion and were down 3 percent after excluding currency effects. Operating profit fell to JPY 56.2 billion from JPY 96.9 billion a year ago, and net profit plunged to JPY 21.2 billion from JPY 82.4 billion. Operating profit included JPY 20.3 billion in impairment charges for certain camera modules at the Semiconductors segment, as well as net charges of JPY 13.6 billion for expenses incurred after the Kumamoto earthquake.
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Category:Telecommunications