A logo of Sharp Corp is pictured at the Combined Exhibition of Advanced Technologies Japan 2016 at the Makuhari Messe in Chiba, Japan, on Oct 3, 2016. (Reuters photo)TOKYO: Japan's Sharp Corp reported its fourth consecutive quarter of net profit on Friday and lifted its annual forecast, as efforts to rebuild lost presence in the global electronics market began to pay off. Sharp, a supplier to Apple Inc, posted net profit of ¥20.2 billion (5.9 billion baht or $177 million) for the three months through September, reversing a year-earlier loss of ¥17.9 billion. Sharp, now owned by Taiwan's Foxconn, lifted its profit forecast for the year through March to ¥69 billion yen from an initially estimated ¥59 billion. It posted a loss of ¥24.9 billion a year prior.

Source: Bangkok Post October 27, 2017 08:03 UTC