Sony records its first net profit in five years
Sony returned to the black for the first time in five years, thanks largely to one-time gains from the sale of assets rather than its core consumer electronics products.
The Japanese electronics giant on Thursday reported a net profit of $458 million in the 2012 financial year ending March 31 compared with a loss of $5.7 billion the year earlier (PDF). It also recorded an operating profit of $2.45 billion in 2012 compared with a loss of $820 million last year.
The company recorded $72 million in sales, a meager increase of 4.7 percent over the previous … Read more