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Sharp sees profits rise

Sharp sees profits rise

February 1, 2018

The Japanese company’s results paint a pleasing picture, with increases across the board.

Sharp has published its consolidated financial results for the third quarter of the current financial year, and for the combined financial year to date, with a positive result for the OEM.

Net profits in Q3 were ¥714.2 billion ($6.5 billion/€5.2 billion), a 25 percent rise compared to the same period last year; operating profit, meanwhile, reached ¥29.7 billion ($270.8 million/€217.7 million) in Q3, up from ¥18.8 billion ($171.4 million/€137.7 million), and ordinary profit hit ¥29.9 billion ($272.6 million/€219.1 million), from ¥16.7 billion ($152.3 million/€122.3 million) in Q3 of 2016 – big increases of 57.8 percent and 78.7 percent, respectively.

For the first nine months of the financial year, Sharp’s net sales reached ¥1.82 trillion ($16.6 billion/€13.3 billion), compared to ¥1.49 trillion ($13.5 billion/€10.9 billon) in the first nine months of the preceding year, a rise of 22.7 percent. Operating profit for the nine months was ¥70.3 billion ($641.1 million/€515.1 million), up from ¥18.9 billion ($172.3 million/€138.5 million), and ordinary profit climbed to ¥71.1 billion ($648.4 million/€521 million), from ¥-15.2 billion ($-138.6 million/€-111.4 million) in 2016.

Categories : City News

Tags : Financials Japan OEM Sharp

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