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Sony net profit soars in April-June quarter

By AFP

Added 1st August 2017 10:26 AM

Tokyo-based Sony posted a quarterly net profit of 80.87 billion yen ($730 million), up from 21.17 billion yen earned in the same period last year.

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This picture shows the logo of Japan's electronics maker Sony at their headquarters in Tokyo on August 1, 2017. Photo/AFP

Tokyo-based Sony posted a quarterly net profit of 80.87 billion yen ($730 million), up from 21.17 billion yen earned in the same period last year.

Japanese electronics giant Sony said Tuesday its net profit nearly quadrupled in the three months to June, backed by brisk sales of smartphone components and cameras as well as solid revenue from its game business.

Tokyo-based Sony posted a quarterly net profit of 80.87 billion yen ($730 million), up from 21.17 billion yen earned in the same period last year.

Revenue also rebounded sharply.

Sales in the semiconductor business, which includes sensors for use in smartphone cameras, soared more than 40 percent after production was hampered a year earlier by major earthquakes in southern Japan.

Revenue also increased in the game and network services business, which includes the popular PlayStation console and software titles. 

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