Sony Reports Net Profit Of $458 Million For 2012, First Net Profit In Five Year

Posted on May 9 2013 - 12:11pm by Editorial Staff

Sony

Sony today reported net profits of $458 million (43 billion yen) for its 2012 financial year, returning to positive for the first time in five years. The earnings numbers come ahead of company’s prediction of $404 million (40 billion yen), while operating profit for the year was $2.45 billion (230.1 billion yen). While among all, the most profitable divisions were its movie business, which results in $7.8 billion ($732.7 billion yen) in operating income while its financial service division hit high with $1.55 billion (145.8 billion yen). The result clearly indicates the first move towards company’s CEO Kazuo Hirai promises to bring the company back to where it stands.

About the Author
Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.