Sharp Posts Profit In Fiscal Q3

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Osaka, Japan - Sharp Electronics reported a profit and flat sales during its fiscal third quarter, which ended Dec. 31.

Sales were relatively flat at 735.3 billion yen while operating income was 21 billion yen, up from the prior year's quarterly loss of 15.8 billion yen. Net income was 9.1 billion yen for the current fiscal third quarter.

While Sharp benefitted from company-wide cost cutting during the quarter, it reported that its consumer/information products segment, which includes LCD TVs and other CE products, had sales of 514.1 billion yen, up from the prior year's 503.8 billion yen.

Operating income for the segment was 14 billion yen, up compared with an 18.5 billion yen loss in the prior year's third quarter.

LCD color TV sales were down 199.9 billion yen from the prior year's 204.9 billion yen. But in units, sales were 3.04 million, up from the prior year's 2.89 million units.

In mobile phones, sales were 121.8 billion yen for the quarter, up from the prior year's 115.3 billion yen, and in units sales were up 400,000  yen, to 2.9 million units.


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