APR 26, 2018
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Sharp Corp. said Thursday it posted its first group net profit in four years in fiscal 2017, helped by its core liquid crystal display business.
Showing a remarkable turnaround under restructuring led by parent Hon Hai Precision Industry Co., Sharp logged a consolidated net profit of ¥70.23 billion ($642 million) in the business year ended on March 31, a turnaround from a ¥24.88 billion loss the previous year.
The electronics maker posted a group operating profit of ¥90.13 billion, up 44.3 percent, on sales of ¥2.43 trillion, 18.4 percent higher from the year before.
The company expects group net profit for the current year to rise 13.9 percent to ¥80 billion on sales of ¥2.89 trillion, up 19.1 percent.
www.japantimes.co.jp/news/2018/04/26/...ears-solid-lcd-sales/