Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Sharp's Profits Decline, Record Year-End Projected
Oct 26, 2005
 Printable format
 Email this Article
 Search

Consumer electronics maker Sharp Corp. reported a 7.2-percent decline in fiscal half-year profits.

Despite the weak start, the Japan-based company still projects a record profit for the fiscal year through March 2006 of 87 billion yen (approx. U.S. $756 million), an increase of 13 percent from 76.8 billion yen (approx. $664 million) the previous year.

Fiscal 2005 sales were projected to grow 8 percent to 2.75 trillion yen (approx. $23.9 billion), also a record-high for Sharp, from 2.5 trillion yen (approx. $21.6 billion) for fiscal 2004.

For the 6 months ending Sept. 30, 2005, Sharp's group net profit fell to 36.5 billion yen (approx. $317 million) from 39.3 billion yen (approx. $339 million) for the same period a year earlier. For the same period, sales increased 6.2 percent to 1.34 trillion yen (approx. $11.6 billion) from 1.26 trillion yen (approx. $10.9 billion).

Sharp said sales in LCD color TVs, mainly large-size models, and mobile phones were up during the first 6 months of the fiscal year, while home appliance sales were also up.

Sharp said the key to its continued growth for the rest of the year was expanding its LCD business, such as panels for mobile terminals and large-size TVs. (AP)

Back to Daily News

 

Daily News

...........................................................

Apr 17, 2014: GE Appliances 1Q Revenues Down 3%

Apr 17, 2014: Remodeling Growth Expected to Continue

Apr 17, 2014: HVAC/R Contractors Outlook Holds Steady

Apr 17, 2014: Appliance Store Sales Down Slightly in March

Apr 17, 2014: Briggs & Stratton Automatic Choking Technology Moves to Riding Mowers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows