Sony reports FY results better than expected

Nieuws Algemeen Wereld 22 APR 2015
Sony reports FY results better than expected
Sony reported results for its fiscal year to March higher than its previous guidance. The preliminary figures show revenues of JPY 8.210 trillion, up 5.7 percent from a year earlier and better than a forecast in February for JPY 8.000 trillion. The better performance was due to higher revenues from financial services, as well as an increase in sales in the Music, Imaging Products & Solutions, and Game & Network Services segments, Sony said.

Operating profit came in at JPY 68 billion, versus the earlier forecast of JPY 20 billion and a reported result of JPY 26.5 billion a year earlier. The net result was still a loss of JPY 126 billion, little changed from the previous year but better than the guidance for a loss of JPY 170 billion. Sony will report more detailed results 30 April.

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Financial figures, Consumer devices, Handsets

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