Sharp Corp. said Friday it posted its first operating profit in three years in the business year that ended March 31, helped by restructuring efforts under Taiwanese parent Hon Hai Precision Industry Co.
The electronics maker logged a group operating profit of almost ¥62.5 billion, a turnaround from a ¥161.9 billion loss in fiscal 2015.
But the company remained in the red on a net basis for the third consecutive year, with a group net loss of ¥24.88 billion, compared with ¥255.97 billion a year earlier. Sales fell 16.7 percent to ¥2.05 trillion.
Sharp, headquartered in Osaka Prefecture, said it will release its earnings outlook for the current business year ending March 2018 on May 26, when it will outline its medium-t…
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