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Sharp Reports Sales Gain, Reduced Net Loss

Osaka, Japan – Sharp Electronics reported an increase in net sales, a reduced net loss and a turnaround in operating income for its fiscal first half ended Sept. 30.

Compared year on year net sales were up 21.5 percent to 1,342 billion yen, operating income was 33.8 billion yen versus a prior year loss of 168.9 billion yen, and a net loss of 4.3 billion yen compared with a prior year net loss of 387.6 billion yen loss.

In its Digital Information Products business sales were down 1.1 percent in the half to 334.5 billion yen with sales of LCD TVs in the Americas and Europe described as “sluggish.”