Sony Corporation has improved its year-on-year financial position in its second quarter despite relatively flat sales of Yen 1,789.7bn (£9.3bn). The electronics giant managed to convert a net loss of Yen 13.2bn (£70m) in the quarter ended 30 September 2001 into a net profit of Yen 44.1bn (£230m) in the same period this year. In July, the firm revised its total year net income forecast upwards by Yen 30bn (£160m) to Yen 180bn (£940m)
Sony Corporation has improved its year-on-year financial position in its second quarter despite relatively flat sales of Yen 1,789.7bn (£9.3bn). The electronics giant managed to convert a net loss of Yen 13.2bn (£70m) in the quarter ended 30 September 2001 into a net profit of Yen 44.1bn (£230m) in the same period this year. In July, the firm revised its total year net income forecast upwards by Yen 30bn (£160m) to Yen 180bn (£940m).