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April 27, 2007

Sharp Reports Mobile Sales Up 29 Percent

Profit at Japanese electronics maker Sharp Corp. jumped 15 percent in the latest fiscal year on strong sales of flat-panel televisions and mobile phones according to results reported this week. Net income surged to 101.7 billion yen (US$861.9 million) in the year through March, while sales climbed 12 percent to 3.13 trillion yen (US$26.5 billion), Sharp said in a news release.

Earnings in the year just ended were lifted by hot-selling liquid crystal display televisions, which saw sales rocket by 49 percent, and mobile phones, which jumped 29 percent. The Osaka-based company forecast profit growth to slow to 3.2 percent to in the current year ending March 2008 on a 8.7 percent increase in sales. Full article Here.

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