277 Sharp posts a 55% rise in operating profit


Japanese electronics maker Sharp has reported a 55% year-on-year increase in its operating profit for the April-to-June quarter, beating forecasts.

The results are due in part to healthy sales of the firm’s liquid-crystal display (LCD) televisions in some countries including China.

The electronics giant posted $45.36m (4.67bn yen; £26.8m) in overall operating profit for the period.
Sharp is Japan’s largest maker of LCD screens and its third-largest TV maker.

LCD screens are used in televisions, as well as some smartphones, including Apple’s iPhone.

I – Word Understanding
operating profit – earnings from business operation before interests and taxes
II – Have Your Say
1. Another factor on Sharp;s improved performance is its major restructuring program that included job cuts.
Vocabulary enhancement:
Lay-off (job cut) – refers to employment termination based on economics
Firing – means letting a worker go for any reason

2. As part of its growth plans, Sharp said it will focus on establishing new business areas including:
* healthcare and medical services
* robotics
* education

277 Sharp posts a 55% rise in operating profit