Sharp Reports Lower Q3 Sales, Operating Profit

By Steve Smith On Feb 1 2013 - 1:52pm




Osaka, Japan — Sharp Electronics reported lower sales, but an operating profit and a reduced net loss for its fiscal third quarter, ended Dec. 31, 2012.

Net sales were up 15.1 percent year on year to 678. 2 billion yen, and operating income was 2.6 billion yen, compared with a 24.4 billion yen operating loss in the prior year’s fiscal third quarter.

The net loss for the quarter was 36.7 billion, an improvement over the 173.6 billion loss in the prior year’s fiscal third quarter.

Sales in its audio visual and communications equipment segment were down 25.1 percent year on year to 202.3 billion yen; however, operating income was 5.3 billion yen, compared with a 3.9 billion yen loss in the prior year’s third quarter.

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