*NEWS*SHARP CORP NET PROFIT DOWN 6.9%

  • mse-big-banner-new-03-17-2016-416716a-tonernews-web-banner-mse-212
  • 4toner4
  • 2toner1-2
  • cartridgewebsite-com-big-banner-02-09-07-2016
  • Print
  • futor_902x177v7-tonernew
  • big-banner-ad_2-sean
  • facebook-tonernews-12-08-2016
  • 05 02 2016 429716a-cig-clearchoice-banner-902x177
  • toner-news-big-banner-nov-8
  • 536716a_green_sweep_web_banner_902x17712
  • 161213_banner_futorag_902x177px
Share

*NEWS*SHARP CORP NET PROFIT DOWN 6.9%

 user 2007-10-29 at 12:20:00 pm Views: 40
  • #19164

    Sharp Corp said group net profit fell 6.9%
    OCT 07 in its fiscal first half as it booked accounting charges and as costs rose from starting overseas plants. The Osaka-based consumer-electronics maker maintained its full-year targets.Sharp, meanwhile, posted group net profit of 43.31 billion yen for the first half ended September, down from 46.54 billion yen a year earlier. It kept its targets for the current year ending March 31 at 105 billion yen in group net profit on 3.4 trillion yen in revenue.Sharp said the decline was mainly from booking depreciation of assets under revised tax laws, costs associated with starting overseas television-assembly factories, and lower profit in its solar-cell business because of soaring costs of silicon. It said that these were one-time factors and that it is taking steps to increase silicon production.Sharp said the accounting charges accounted for about a 5.9 billion-yen drop in its operating profit during the period. The company, known for its Aquos brand of liquid-crystal-display television sets, also hinted that consumers are buying fewer large-screen TV sets than it had anticipated. Sharp bases its financial results on Japanese accounting standards.