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Japanese corporation Sony increased its quarterly profit by 1.5 times or 45%. Earnings rose to 429 billion yen ($3.94 billion), or 330.77 yen per share, up from 295.9 billion yen, or 228.91 yen per share a year earlier. The growth in operating profit was 7.5% to 377 billion yen from 350.8 billion yen in the previous year. The company's revenue decreased by 10% to 2.422 trillion yen against 2.622 trillion yen. Sony increased its quarterly sales of video games and consoles by 72.6% to 790.6 billion yen. In the field of cinema, the figure increased by 16.4%. Revenues of the music business fell by 9.1%, revenue from the sale of semiconductors - by 20.6%. Revenue from the sale of smartphones fell by 80.3%. The division suffered an operating loss of 15.5 billion yen, although last year a profit of 15.8 billion yen was recorded. The company expects a profit of 835 billion yen before the end of this fiscal year. Fiscal year will end March 31, 2019. The forecast on operating profit amounted to 870 billion yen, on revenue - 8.5 trillion yen.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
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