Sony reports first annual profit in five years

Sony has reported an annual profit for the first time in five years, boosted by asset sales and a weakening yen.

Net profit was 43bn yen ($436m) in the year to 31 March, compared with a 457bn loss a year earlier.

Sony said the yen's recent fall, which makes its goods cheaper for foreign buyers, boosted sales. A weak yen also lifts profits when firms repatriate their foreign earnings back home.
Posted by Unknown 5/09/2013