For the first time in more than two years, the Sharp company finished the quarter with a profit
The company Sharp 31 Dec ended the third quarter of the next financial year, therefore the Japanese manufacturer has published the corresponding report. It was the first full quarter under the Sharp management of Foxconn. And first in more than two years, which ended no losses and a profit.
The Sharp income for the quarter was 5.08 billion, which is 13.8% less than in the same period last year. Operating profit for the quarter was 167 million dollars. A year ago the company suffered an operating loss in the amount of 33.8 million dollars.
Analyzing the factors determining financial performance, the manufacturer notes that the negative effect was the decline in sales volume and average selling price. At the same time, the company managed to optimize the range, to reduce the cost and overhead.
The manufacturer confirmed the forecast for the year as a whole, saying that it expects to complete it with a profit.
Sources: Reuters, Sharp