Sony posts Q2 operating profit of 30.30b yen

Tags: Sony, Companies
Japan's Sony Corp returned to an operating profit in the second quarter after a loss a year ago, helped by the sale of a chemicals business that offset weak demand for its TVs and other devices, and it kept its full-year profit guidance.

The July-September operating profit of 30.30 billion yen compared with a 1.64 billion yen loss a year ago, and was close to the average 33.8 billion yen profit estimated by five analysts surveyed by Thomson Reuters I/B/E/S.

The company recently completed the sale of its chemical business to state-backed Development Bank of Japan for 58 billion yen. Other asset sales may further inflate operating profit this business year.

Sony also kept its forecast for operating profit of 130 billion yen in the full year to March 31, 2013.

EDITORIAL OF THE DAY

  • While net neutrality is a noble concept, internet for all is a necessity

    The Telecom Regulatory Authority of India’s directive that no service provider should offer or charge discriminatory tariffs for data services on th

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Urs Schoettli

The importance of Indonesia

A few weeks ago, the wo­rld was shocked by a ...

Rajgopal Nidamboor

Try to awaken the archaeologist within

Our mind is far ahead of René Descartes’ famous maxim, ...

Bubbles Sabharwal

Social media versus real life

It’s amazing how social media brings out the best side ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture