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Sharp lowers FY outlook as US-China trade war hits sales

Wednesday 30 January 2019 | 13:03 CET | News
Sharp has lowered its outlook for results in the fiscal year to March, citing weaker sales due to the trade war between the US and China. The revenue outlook was lowered 7 percent to JPY 2.5 trillion, meaning still a small increase from the previous fiscal year. Operating profit was lowered to JPY 107 billion from JPY 112 billion, and the net profit forecast was unchanged at JPY 90 billion, giving the company still an outlook for growth year-on-year.

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Categories: Mobile & Wireless
Companies: Sharp
Countries: World
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