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.
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