GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Technology

 
  Share

Company achieves 7% rise in Q3 2018 operating income due to strong music sales

Dubai, UAE – 7th February 2019 – Sony Corporation reported its strong third quarter annual operating income with a year-on-year increase of seven per cent compared to the same quarter of the previous fiscal year ending December 31, 2017.

The operating income for the most recent quarter increased to US$3.34 billion (¥377.0 billion) from US$3.10 billion (¥350.8 billion), a 7 per cent rise from the year ago period. Contributing to the income growth were the robust sales in the Music Division, which recorded a 274 per cent rise from the year ago period to US$1.3 billion (¥147.1 billion). Another contributor was the Imaging Products and Solutions (IP&S) division, which posted 31 per cent year-on-year growth amounting to US$302.9 million (¥32.2 billion). Sales for the Home Entertainment & Sound (HE&S) segment were also up 2.8 per cent on year at US$420.4 million (¥47.5 billion). 

“We got off to a strong start in the first two quarters for FY2018 and were able to sustain good momentum in the third quarter. Apart from Music, the Home Entertainment & Sound segment experienced an increase in operating income due to an improvement in the product mix of televisions reflecting a shift to high value-added models,” said Fumiatsu Hirai, Managing Director, Sony Middle East and Africa. “The continuous popularity of the award-winning WH-1000XM3 noise-cancelling headphones and our top-of-the-line range of BRAVIA Master Series TVs contributed to the overall sales across segments in the region.”

Sony reiterated its October forecast for its annual operating income of US$7.7 billion (¥870 billion), a significant rise from the previous year's outlook of US$6.5 billion (¥734.9 billion). Meanwhile, the latest annual consolidated sales forecast is 2 per cent lower than the October forecast at US$77 billion (¥8.5 trillion). 



Posted by : GoDubai Editorial Team
Viewed 5087 times
Posted on : Thursday, February 7, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Top to Bottom Success in the Enterprise WAN
Next Story : Oracle Enhances Cloud Capability in the UAE
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Juliette has a gun's New Vanilla Vibes Perfume, a hymn to Adventure and Freedom,...
Ralph Lauren Unveils the Earth Polo, Made Completely From Recycled Materials
Celebrate with the new AIGNER Ramadan collection
The Beauty Oasis Spa Introduces ‘glowinface' - a First of Its Kind Facial Yoga T...
Get Instantly plump and luscious lips with Kocostar's Plump Lips Capsule Mask
Protect your little ones skin during summer time with Fifi & Friends
CLAUDE MONET Limited Edition Collection
UAE to spend AED 8.8 bn on personal care 2022 with 2.2% annual growth
Express Yourself With the New Scents of Life Fragrance Collection From the Body Shop
Seasonal Offers from THT to keep you Pampered to Perfection this Ramadan
Cerruti 1881 launches a splendid new collection for the festive season
Malabar Group Headquarters (M HQ) wins the Forbes India Design Awards 2019
Worldwide Distribution Center Showcasing Thousands of Health and Beauty Products...
Diva Abaya's Ramadan 2019 Collection - A fusion of tradition and fashion!
Exclusive Louboutin's for the Middle East
GUESS Partners with Model Roz To Unveil Its Beautiful New Ramadan Collection
CND™ Sweet Escape: The Collection Awaken the Senses
Brothers Claim Double Triumph in UAE Wakeboarding Championship
Three designer brands to launch exclusively at DIVAlicious 2019!
Tumi Introduces Alpha 3
One Giant Leap for Resolution: Samsung Announces Availability of the UAE's first...
The essence Prep-list for a Regret-free Prom
Nazih Group Organizes a Special Gathering for its Industry Partners
Ramadan 2019 Listing | Manzil Downtown
OPPO unveils Reno Series with 10x Zoom and Pivot Rising Camera
Samana Developers launches Samana Hills in Arjan with 8 year payment plan
CND Essential Care Pens
Dubai Theme parks industry estimated to generate $ 5 billion in annual revenue b...
Chloé Launches The New Spring/summer 2019 Advertising Campaign Featuring Two Ico...
Curtin University adds six new programs and rollouts expansion plans for their t...
Discover Marks & Spencer's Dreamy Oud Collection this Ramadan
Emirates Post Recognized for Outstanding Customer Services by Universal Postal U...
New CND™ Vinylux™ Gel-Like Effect Top Coat
The UAE's Minister of Economy Welcomes Italy's Deputy Prime Minister During Ital...
Capture the Ramadan Spirit with Home and Soul Dubai
Premium Ramadan Treats from Marks & Spencer
Marks & Spencer Launches its 2019 Ramadan Collection
Memento Mori- A Celebration of Life
Introducing Innovative Skincare Solutions from PMD Beauty
Joyalukkas announces ‘Gold Fortune' on the exclusive occasion of Akshaya Tritiya.
Islamic Affairs and Charitable Activities Department announces the launch of the...
Glamorous Gilda for elegant lady
Dubai Police supports green vision with addition of 13 Renault ZOE electric cars...
The Big Reveal: Inside the Coca-Cola Arena Dubai
IIHF Women's Challenge Cup of Asia 2019 kicks off this week
Repton Family of Schools Are Top Ranking in Khda Reports for 2018/2019
Longchamp LGP a Very Modern Monogram
Win a new MG 6 or a AED30,000 makeover at Ibn Battuta Mall this Dubai Home Festival
Selena Gomez in Ralph Lauren
Jimmy Choo Presents a Limited Edition Eyewear Piece In Celebration of Ramadan