Sony H1 net profit dives 78% on strong yen, battery unit sale

0
58

Sony H1 net profit dives 78% on strong yen, battery unit sale

Tokyo (AFP) – Sony said on Tuesday its fiscal first half net profit dived owing to a sharp rally in the yen and losses linked to the sale of its battery business.

The Japanese electronics giant, which has been shedding assets as part of a broad restructuring, said it had a 26 billion yen ($248 million) net profit in the six months through September, down nearly 78 percent from a year ago.

Visitors play a virtual reality game at Sony’s booth during the Tokyo Game Show 2016, in Chiba, suburban Tokyo
Copyright AFP/File Toru Yamanaka

LEAVE A REPLY