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Sony Result 29/07/2016

Sony

Sony reported Q1 2016 net profit of 21.2 billion yen ($205 million), down 74.3% YoY from 70 billion yen ($676 million). Turnover was 1.6 trillion yen ($14 billion), down 10.8% YoY from 1.8 trillion yen. Lower smartphone sales and damage due to the earthquakes negatively impacted financials.