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Sharp Turns Profit, Posts Higher Sales

Tokyo — Sharp Electronics reversed losses and posted higher sales in its nine-month results, ended Dec. 31, 2013. 2/05/2014 03:43:00 AM Eastern

Tokyo — Sharp Electronics reversed losses and posted higher sales in its nine-month results, ended Dec. 31, 2013.

Net sales were up 21 percent; net income was 17,720 million yen vs. a prior-year net loss of 424,347 million yen for the same period. Operating income was 81,472 million yen vs. a prior-year operating loss of 166,232 million yen.

Sharp said it experienced growth at home in Japan, as well as in the U.S. and China.

In its digital information equipment group, sales were up 2.1 percent for the nine months compared with last year as LCD TV sales grew in Japan, China and emerging countries but were sluggish in the Americas and Europe.

The group posted operating income for the period of 9,350 million yen, compared with a 15,861 million yen operating loss in the prior fiscal year’s first nine months.

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