Sony nine-month net profit soars 63.2%, led by games, music

Published June 30, 2020, 12:52 AM

by manilabulletin_admin

By Agence France-Presse

Sony said Friday its nine-month net profit jumped 63.2 percent from the previous year, led by its games and music divisions.

Sony says its European HQ-relocation out of London is aimed at avoiding cumbersome post-Brexit customs-related procedures (AFP/File / Josep LAGO / MANILA BULLETIN)
Sony says its European HQ-relocation out of London is aimed at avoiding cumbersome post-Brexit customs-related procedures
(AFP/File / Josep LAGO / MANILA BULLETIN)

The electronics and entertainment giant lowered its annual sales forecast but raised its annual net profit forecast thank to tax benefits.

Sony said its April-December net profit reached 828.4 billion yen ($7.6 billion).

Operating profit rose 13.9 percent to 811.5 billion yen, while sales reached 6.54 trillion yen, down 0.8 percent.

 
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