Sony’s business becomes more profitable

Sony’s business becomes more profitable

The company’s net profit rose 87 percent in one year Sony closed the financial year 2018 with a net profit of $ 8.3 billion. Sony’s report for the last quarter and financial year 2018 ended December 31, March, improving the profitability of the company.

Between January and March, Japan’s technological giant earned $ 19.288 billion, up 9% year on year. Operating profit grew by 273% compared to the same period last year and amounted to $ 7.5 billion.

The pre-tax earnings for the fourth quarter of the fiscal year 2018 reached $ 10.212 billion, an increase of 1230% year-on-year. Overall for the year, Sony earned $ 78.14 billion in revenue. This is only 1% more than the previous year, but operating profit rose 22% to $ 8.063 billion.

Profit before tax increased by 45% to $ 9.122 billion. Sony finishes the financial year 2018 with a net annual profit of $ 8.262 billion, or 87% more than the financial year of 2017.

Sony’s business becomes more profitable