Sharp reported its financial results for the third quarter and nine months ended December 31, 2017. Net sales for the quarter were ¥714.2 billion ($6.38 billion), representing 25% growth compared to ¥571.5 billion reported in Q3 of 2016. Net income was ¥20.6 billion ($183.96 million), showing a 4.9 fold improvement compared to ¥4.2 billion ($38.3 million) reported in Q3 of 2016. Advanced Display Systems represented 44% of total revenue, with year-over-year growth of 28.2% to ¥314.6 billion ($2.87 billion).
Net sales for the nine months were ¥1,829 billion ($16.52 billion), representing 22.7% growth compared to ¥1,491 billion reported in same period 2016. Net income was ¥55.3 billion ($499.5 million), compared to a loss of ¥41.1 billion reported in 2016.
