Tags: AS | Japan | Earns | Sony

Sony's Profit Dip, Sticks to Forecast for Year

Tuesday, 30 July 2019 04:40 AM

TOKYO (AP) — Sony Corp. has reported a 33% drop in its fiscal first quarter profit as sales dipped in its electronics operations, including TV sets and camcorders.

The Japanese electronics and entertainment company reported Tuesday that its April-June profit totaled 152 billion yen ($1.4 billion), down from 226 billion yen in the same period of the previous year.

Quarterly sales inched down 1% to 1.93 trillion yen ($17.7 billion).

Tokyo-based Sony, which makes Bravia digital TVs and the Aibo robotic dog, kept its profit forecast for the fiscal year through March 2020 unchanged at 500 billion yen ($4.6 billion).

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Sony Corp. has reported a 33% drop in its fiscal first quarter profit as sales dipped in its electronics operations, including TV sets and camcorders.The Japanese electronics and entertainment company reported Tuesday that its April-June profit totaled 152 billion yen ($1.4...
AS,Japan,Earns,Sony
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2019-40-30
Tuesday, 30 July 2019 04:40 AM
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