Sony returns to black in second quarter, revises ’10 outlook higher


AFP

TOKYO–Japanese electronics giant Sony said Friday it had swung back to a second quarter profit and raised its full year forecast 17 percent, citing strong earnings at its games and computer businesses.

The maker of Bravia televisions and Cyber-shot cameras reported a profit of 31.1 billion yen (US$375 million) in the fiscal second quarter, compared with a 26.3 billion yen loss a year ago, despite worries about the strong yen.

Under chief executive and president Howard Stringer the Japanese company has been streamlining operations and cutting costs to trim back the sprawling group, which was battered by the global downturn.