Television

LCDs, cameras allow Sony to post a better than expected quarterly result

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/05/16/Untitled-1_27.jpg?itok=zEnCg6vP

MUMBAI: Japanese consumer electronics conglomerate Sony has reported better than expected results for the first-quarter ended 30 June 2006.

Net income was ¥32.3 billion with a loss of ¥7.3 billion a year earlier. Media reports indicate that analysts had expected the company to report lower income. Sony got a boost from sales of its Bravia brand LCD televisions and Cybershot digital cameras.

For the full year to next March, Sony revised up its operating profit forecast by 30 per cent to 130 billion yen as it started booking patent-related income as recurring revenue rather than miscellaneous income. It kept unchanged its net profit forecast of 130 billion yen.

Sales rose 11 per cent to ¥1.74 trillion from a year earlier. Operating profit, or sales minus the cost of goods sold and administrative expenses, was ¥27 billion for the period, compared with a restated ¥6.6 billion loss a year earlier.

Profit from the electronics division, which accounts for more than 70 per cent of the company's sales, was ¥47.4 billion, from a loss of ¥26.7 billion a year earlier. Sales of electronics including Bravia TVs, Cyber-shot cameras and Vaio personal computers increased by 14 per cent to ¥1.28 trillion.

Sales of its TVs rose by 75 per cent to ¥262 billion. Sony joins rivals Sharp and Matsushita Electric Industrial in reporting higher profit because of TV sales.

It looks like Sony CEO Howard Stringer's cost cutting measures are starting to pay dividends. In September Stringer had outlined a plan to axe 10,000 jobs and shut down 11 factories. Stringer also stopped paying 44 retired executives, sold two corporate jets and some retail businesses, including a cosmetics maker and a restaurant chain.

On the film front Sony benfited from The Da Vinci Code. This helped the company increase sales by 42 per cent in the quarter. However, higher marketing costs meant that the film division suffered an overall loss.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/07/19/kabaddi.jpg?itok=rzdA8u0k
#IsseToughKuchNahi say all twelve captains of VIVO PROKABADDI SEASON 7

MUMBAI: VIVO Pro Kabaddi League, one of the most-anticipated sporting events of the calendar is back with Season 7 begins on 20th of July 2019 in Gachibowli, Hyderabad. Unveiling the coveted trophy, the captain of all 12 teams came together to speak about the excitement for the upcoming season.

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/07/19/star-movies.jpg?itok=CpNi1tDR
Look Beyond What’s Visible and Travel in Time with Star Movies’ Movie of the Month, A Wrinkle in Time

MUMBAI: Star Movies, one of the leading English Movie Channel, is geared to entertain all ages and make you travel in time and space with its Movie of the Month, A Wrinkle in Time. Based on a 1962 book which has been in and out of controversies ever since, the movie still grossed over $132 Million...

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/07/19/bindass.jpg?itok=NkWHj3ln
Zee Cinema to air blockbuster entertainer Bindass Rani (Kolamaavu Kokila) on Tuesday, 23rd July

MUMBAI: Nelson Dilipkumar’s ‘Bindass Rani’ is a dark comedy crime film revolving around the drugmafia. Starring superstar Nayanthara, as a shy yet street smart girlwho is forced into becoming a drug peddler for the sake of her family. Zee Cinema is set to premiere the riveting tale of Bindass...

Television TV Channels Movie Channels
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/07/19/sanskar.jpg?itok=0Jxnys-i
Manoj Tyagi, CEO Of Sanskar TV, honoured by World Book Of Records

MUMBAI: The CEO Of Sanskar TV, Mr. Manoj Tyagi, has been honoured by World Book Of Records, London for promoting spiritual and Vedic wisdom across the globe at The Mayors Office, Harrow, London. On this occasion the award was presented to Mr. Manoj Tyagi by Dr. Diwakar Sukul (Chairman of WBR,...

Television TV Shows Awards
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/07/19/one.jpg?itok=fzcn6Lww
One Life Studios brings world class content to India

MUMBAI: One Life Studios becomes the exclusive distributor of the award-winning American series “Breakers”, a Deo Tv original. One Life Studios, a subsidiary of Swastik Productions, thrives on telling Indian stories to the world. Now with the changing trends, One life Studios has decided to bring...

Television Production House Post Production
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/07/19/jsw.jpg?itok=hFb-UZGG
APL Apollo announced as principal sponsors of Haryana Steelers for Pro Kabbadi League Season 7

MUMBAI: One of India's largest Steel Pipes Manufacturers, APL Apollo was announced as the principal sponsor of Haryana Steelers for the seventh season of the Pro Kabbadi League. The JSW Sports-owned franchise made the announcement at their new home ground in Panchkula which will see APL Apollo...

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/07/19/star.jpg?itok=3isbbU9l
Home to the World’s Best Content with 156 Emmy Nominations

MUMBAI: Star World, India’s leading English Entertainment channel, is known for airing some of the most popular and critically acclaimed television shows in the country. Once again, with the announcement of the 71st Emmy Awards nominations, the channel establishes itself as the source of all things...

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/07/19/history.jpg?itok=FtP1GbaX
On its 50th Anniversary, HISTORY TV18 unveils “Moon Landing: The Lost Tapes.”

MUMBAI: On the 50th anniversary of NASA’s most audacious achievement, "Moon Landing: The Lost Tapes" reveals the incredible true story of mankind’s greatest leap. “Moon Landing: The Lost Tapes” premieres 19th July, 10 PM exclusively on HISTORY TV18.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/07/19/warnerbros.jpg?itok=uoKu3_rf
Warner Bros. named character licensor of the year

MUMBAI: Warner Bros., represented by Cartoon Network Enterprises (CNE) in India, emerged as a big winner at the recent Labels Awards 2019 organised by License India. The team was awarded ‘Character Licensor of the Year - Gold’ for its work on Warner Bros. franchises including Harry Potter, Superman...

Television Production House Post Production

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories