Sony Net Profit Jumps 53.3% In Q1 But Virus Clouds Annual Outlook

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Sony Net Profit Jumps 53.3% In Q1 But Virus Clouds Annual Outlook
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Sony Net Profit Jumps 53.3% In Q1 But Virus Clouds Annual Outlook

Sony CEO Kenichiro Yoshida arrives to take part in a press conference at the Sony headquarters in Tokyo on May 22, 2018. PHOTO: Martin BUREAU / AFP

The surge was also helped by a strong performance in equities, which pushed up the firm’s pre-tax income. “Lockdowns have continued affecting Sony’s production lines while hitting hard sales of its electronics products and at theatre-release movies,” Hideki Yasuda, an analyst at Ace Research Institute in Tokyo, told AFP ahead of the results.

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