Renesas Electronics Result 02/11/16

Renesas Electronics Corporation recorded Q2 net profits of ¥9.4 billion ($91.1 million), down from ¥27.5 billion ($266.5 million) a year ago, on sales which fell 16% to ¥152.6 billion ($1.5 billion) from ¥181.4 billion ($1.8 billion). For the half year there were profits of ¥19.4 billion ($188.0 million), a drop from ¥57.4 billion ($556.5 million), on revenue of ¥304.6 billion ($3.0 billion), compared with ¥360.7 billion ($3.5 billion).