Sharp CE Segment Sales Rise 10.9% - Twice

Sharp CE Segment Sales Rise 10.9%

Author:
Publish date:

Osaka, Japan — Increasing sales of LCD TVs, mainly for large-size models, as well as mobile phones, contributed to a 10.9 percent climb in the audio/visual and communication equipment segment at Sharp in the company’s fiscal first quarter, increasing to $2.13 billion from a year-ago $1.92 billion. The segment includes mainly consumer electronics products.

Sales in Sharp’s LCD segment in the first quarter, ended June 30, decreased 6.1 percent, down to $1.10 billion, from $1.17 billion in the same three months last year. The drop in overall segment sales was due to decreasing sales of LCD panels for mobile equipment, even though sales of LCD-TV panels for both in-house production and other TV manufacturers increased.

Overseas sales at Sharp were flat in the first quarter, slipping slightly to $2.57 billion, from a year-ago $2.58 billion.

In the past three months, Sharp said it took “assertive initiatives” to further improve its competitiveness. Among these was enhancing such “unique” products as LCD TVs, said the company.

As a result, consolidated net sales moved up 2.5 percent in the first three months, hitting $5.5 billion, up from $5.4 billion in the same quarter the previous year. Operating income edged upward 0.5 percent to $316.5 million from a year-ago $314.9 million. Net income moved down just under 1 percent to $172.8 million, from $174.2 million in the same quarter last year.

Featured

Related Articles