Sony results fall on drop in mobile sales, films writedown

Thursday 2 February 2017 | 10:17 CET | News
Sony reported lower results for its fiscal third quarter to December, hurt by the stronger yen and the earlier announced writedown at its TV and films business. Sales fell 7.1 percent to JPY 2.398 trillion and were essentially flat excluding forex effects, as growth in Playstation and semiconductor sales was offset by a continued fall in mobile phone sales. Operating profit was down 54.3 percent to JPY 92.4 billion, and net profit dropped 83.7 percent from a year earlier to JPY 19.6 billion after the impairment of JPY 112 billion at the Pictures division.

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Categories: General
Companies: Sony
Countries: World
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