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Thursday, February 7, 2013

Sony quarterly results show a smaller loss than last year

Sony’s latest quarterly results show the electronics company making a loss of 10.8 billion yen (£73.3 million) for the three months until 31st December 2012, although that’s considerably less than the 159 billion yen loss from the same quarter a year before. Sales and operating revenue rose 6.9% year-on-year to ¥1,948 billion, helped by the takeover of Sony Mobile.

The Mobile Products & Communications business unit made an operating loss of ¥21.3 billion and saw sales increase 94.4% year-on-year to ¥318.8 billion; however, these figures have been affected by the consolidation of Sony Mobile after the company gained control of the business from Ericsson.

It’s calculated that the MP&C sales figure would have been up around 10% if Sony Mobile had been fully consolidated in the previous financial year.

Sony Mobile introduced a new operational structure last year and also relocated its corporate HQ to Tokyo.

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Author: The Fonecast
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