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Sharp shows modest growth despite LCD price crunch

February 4th, 2008 · No Comments

Despite growing pressure on the worldwide screen market, Sharp has announced a modest quarterly rise in profits as part of its Q3 financial statement. Operating income is 51.9 billion yen, up 5.5 per cent, and net income 29.5 billion yen, up 3.8 per cent, compared to the same period last year.
Net income jumped 29.60 billion yen, YOY while sales rose 12.3 percent (to 921 billion yen). Sharp’s solar cell operation has yet to glow, but sales of LCD panels rose 33 per cent during the quarter, just ahead of its LSI business (up 33 per cent).
Said Sharp in a statement: “We are taking proactive steps to strengthen the AQUOS brand, in particular by introducing the industry’s thinnest model which we recently announced, further improving environmental performance, and working to develop a broad line-up through expanding the number of personal models aimed at meeting demand for second TV sets. In July 2007, Sharp installed a third production line at the Kameyama No. 2 Plant, doubling the input capacity for glass substrates to 60,000 per month. Nevertheless, inquiries for large-size LCD panels during this third quarter were also extremely brisk and we continued to run the Kameyama No. 1 and No. 2 Plant at full capacity.”

Tags: Corporate · LCD TV · Trade

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