Sony Corp. said Thursday it revised its earnings forecast for the full year through March 31 from a net loss of 10 billion yen to a net profit of 70 billion yen, buoyed by stronger-than-expected sales of Bravia TVs and Vaio PCs over the holidays.
Despite the upbeat revision, Sony kept its original projection for its ailing TV business. The company said it has to wait until the latter half of fiscal 2006 to return to the black.
For October-December earnings, the consumer electronics giant's net profit rose 18 percent to a record 168.9 billion yen. Revenue rose 10 percent to 2.37 trillion yen.
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