Sony Q1 revenue at ¥1.97T, up 2% YoY

Tuesday, 04. August 2020 08:10

Sony Corporation announced on Tuesday its operating revenue in the first quarter of 2020 landed at ¥1.97 trillion, or $18.5 billion, up by 2% compared to the same period last year.

The company's operating income stood at ¥228.4 billion, worsening by 1% year-on-year, while its diluted earnings per share came in at ¥186.94, increasing by 56% in comparison to ¥119.22 reported last year.

"Despite a gradual recovery, acquisitions of new insurance policies have decreased compared to the previous fiscal year, and the segment is being impacted by an increase in various expenses including compensation for sales employees. It is possible that fluctuations in the financial market could impact the financial results of this segment going forward," the tech giant's statement read.

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Author:
Breaking the News / JR