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Handset Semiconductor Business Has Profitability
Sony Corporation of Japan's fiscal first-quarter profit, a loss a year earlier to change the situation by phone and semiconductor business returned to profitability and a strong performance boost financial business.Sony announced on the 1st, three months ended June net profit of 3.48 billion yen (combined 3,538 million), a year earlier loss of 24.64 billion yen. Sales rose 13 percent to 1.712 trillion yen, operating profit rose nearly fivefold to 36.35 billion yen.Quarter results in line with analysts' expectations, after receiving Thomson Reuters (ThomsonReuters) survey of analysts expect Sony quarter net profit will be 4 billion yen, operating profit of 25.25 billion yen, income 1.637 trillion yen.For the year ended March next year the full fiscal year, Sony said sustain 50 billion yen net profit and operating profit of 230 billion yen is expected to remain unchanged, but the sales are expected to increase by 5% to 7.9 trillion yen.
    
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