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Sony posts its first 9-month financial report

March 1, 2013 by spwordpress

Sony Corp. announced that its first nine-month (April-December) results for fiscal 2012/13 rose 3.6% year-on-year to 5,067 billion yen (US$56.3  B) and profit in operation turned black to 82.95 billion yen (US$921.6 M) from previous loss of 65.86 billion  yen.

The company posted a pre-tax profit of 58.5 billion yen, but net profit after tax remained in red-50.8 billion yen (US$564.4M). The company expects net profit to turn black for the whole year ending in March 2013 at 20 billion yen on total revenue of 6.6 trillion yen. Sales by division for 9-month: Imaging products and solution division posted a 5.4% fall to 556.8 billion yen (US$6.19 B), due to slow sales of compact digital cameras. Operational profit turned black to 12.3 billion yen (US$136.7 M) from previous red of 9.2 billion yen. Sony sold 12.3 million units of compact digicams and expects to sell 15 million in this year, about 30% less than the previous year. The company did not reveal the unit sales of lens interchangeable system cameras, but said that the sales definitely saw an increase.

Filed Under: News

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