May 1, 2008

Sony 07/08 profit to quintuple but miss target: report (Reuters)

An employee controls TV screens during the opening ceremony of a Sony LCD Television plant in Nitra, 95km from Bratislava, Slovakia. Japanese electronics giant Sony Corp. has said it will double output of liquid crystal display televisions at the plant by the end of this year to meet soaring demand in Europe.(AFP/Samuel Kubani)Reuters - Sony Corp's (6758.T) operating profit likely jumped more than fivefold to 380 billion yen ($3.6 billion) on strong sales of digital cameras in the year just ended, but it missed the company's forecast by 30 billion yen, the Nikkei business daily reported.


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