Sharp Reports Profit Increase for 3Q 2007 Feb 4, 2008

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Sharp reported a 5.5% increase in operating profit to US$486 million for the third quarter ended Dec. 31, 2007. The company said net profits in the period rose 3.8% to $277 million behind increased profits in its LCD and chip businesses. Net sales rose 12.3% over the year-ago period to $8.62 billion. For the full fiscal year ending in March, the company kept its outlook unchanged, at $1.8 billion in operating profit.

Sales of consumer and information products including LCD TVs and mobile phones rose 8.3% in the period, Sharp said. At the same time, sales of LSI chips rose 32.5% , while LCD sales climbed 34% , offsetting a 9% decline in revenue from other electronics components, including solar cells.

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