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Post by The Ultimate Nullifier on Jan 29, 2016 0:20:50 GMT -6
variety.com/2016/biz/asia/sony-third-quarter-profits-up-by-a-third-hit-1-billion-1201691617/Sony Third Quarter Profits Up by a Third, Hit $1 Billion Sony Corporation revealed that it had achieved $1 billion of net profits for for the three months to end December, representing the third quarter of its 2015-2016 financial year. That was achieved on unchanged revenue of $21.5 billion. Earlier in the week Sony had announced that it was paying $212 million for Israeli mobile chip designer Altair Semiconductor. In Friday afternoon trade on the Tokyo Stock Exchange prior to the results announcement Sony shares were up by more 3%. That was in line with the wider Tokyo stock market. Earlier in the day the Bank of Japan, the country’s central bank, announced a shift to negative interest rates. That pushed the Nikkei share index up by 3% and the Japanese Yen down by 2%. More to come.
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