First Quarterly Profit for Sharp Japan in Two Years, Strong Sales of Color MFPs
Sharp reported a net profit of 13.6 billion yen ($139 million) in its fiscal second quarter, its first profit since the three months ended September 2011. This beat an expected net loss of 9 billion yen, according to Thomson Reuters’ Starmine SmartEstimate, the average of the most accurate analysts’ estimates. A year earlier, Sharp reported a net loss of 249.2 billion yen.
Sharp left is its net profit forecast for its fiscal year through March 2014 unchanged at 5 billion yen. For the first six months of the year, Sharp’s net loss narrowed to 4.3 billion yen from 387.6 billion yen a year earlier.
For its fiscal half year, sales for its Business Solutions division were 158.4 billion yen, an increase of 14.1 percent compared to the same period a year ago. Sharp attributes the gains to robust sales of color MFPs in Japan and overseas, as well as to robust sales of information displays in the United States.
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