Today's Hard|Forum Post
Today's Hard|Forum Post

Monday April 29, 2013

Sony To Post First Annual Profit In 5 Years

After selling a couple billion dollar buildings, Sony is set to post its first annual profit in 5 years. Hey, maybe Sony should get into real estate! wink

The company sold its New York City headquarters earlier this year for $1.1 billion, which was estimated to generate net cash proceeds of about $770 million and help it pay off debt. Sony said that the weaker yen helped increase the value of its overseas earnings, and the company now expects to report a net profit of 40 billion yen for the fiscal year ended on March 31st.