Sharp Corporation’s Operating Profit for Nine Months up 270 Percent

The Nikkei Asian Review reports that Sharp Corporation’s operating profit for the nine months ended in December 31, 2017 look to “have soared 270 percent” versus the same period a year earlier to around 70 billion yen ($640 million U.S.), supported by earnings improvement in liquid-crystal display business.

Additionally, sales for the three quarters are estimated to have risen about 20 percent to roughly 1.8 trillion yen. Sharp Corporation of Osaka, Japan, is said have seen sales growth for mid-size LCD panels used for tablet computers, as well as sales growth for televisions, especially overseas, particularly in China.

Back in October 2017, Sharp , reported financial results for the six months ending September 30, 2017, with net sales of 1.1 billion yen, up 21.3 percent, versus the same period a year earlier, and net income of 52.43 billion yen, versus a loss of 162.95 billion yen versus the same period a year earlier.

Sharp – which, in 2016, Foxconn Technology Group purchased a controlling interest in for $3.5 billion – said that its net sales and profits outperformed its forecast announced in May 2017, with net sales up sharply (21.3 percent) and profits back to “pre-Leham levels” – apparently referring to the 2008 global financial crisis.

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