TOKYO, Nov 1 (APP/AFP) – Sony said Tuesday its fiscal first half net profit dived owing to a sharp rally in the yen and losses linked to the sale of its battery business. The Japanese electronics giant, which has been shedding assets as part of a broad restructuring, said it had a 26 billion yen ($248 million) net profit in the six months through September, down nearly 78 percent from a year ago. Revenue during the period fell more than 10 percent to 3.3 trillion yen “primarily due to the impact of foreign exchange rates”, Sony said. The company said sales in its mobile communications business slumped, offsetting strong demand for games for its hugely popular PlayStation 4 game console.
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Sony H1 net profit dives 78% on strong yen, battery unit sale
