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Sony sees recovery with a nearly quadrupling of profit

FILE - In this Friday, April 28, 2017, file photo, people walk out from the headquarters of Sony Corp. in Tokyo. Sony’s fiscal first quarter profit nearly quadrupled compared to a year ago, boosted by its lucrative image sensor and other businesses, highlighting a gradual recovery at the Japanese electronics and entertainment company. Sony reported Tuesday, Aug. 1, an 80.9 billion yen ($735 million) April-June profit, up dramatically from 21.2 billion yen the same period a year ago. (AP Photo/Shuji Kajiyama, File)
FILE - In this Friday, April 28, 2017, file photo, people walk out from the headquarters of Sony Corp. in Tokyo. Sony’s fiscal first quarter profit nearly quadrupled compared to a year ago, boosted by its lucrative image sensor and other businesses, highlighting a gradual recovery at the Japanese electronics and entertainment company. Sony reported Tuesday, Aug. 1, an 80.9 billion yen ($735 million) April-June profit, up dramatically from 21.2 billion yen the same period a year ago. (AP Photo/Shuji Kajiyama, File)

By Associated Press 2 min read

TOKYO (AP) – Sony’s fiscal first quarter profit nearly quadrupled from a year earlier, boosted by its lucrative image sensor and other businesses and highlighting a gradual recovery at the Japanese electronics and entertainment company.

Sony Corp. reported Tuesday an 80.9 billion yen ($735 million) April-June profit, up dramatically from 21.2 billion yen the same period a year ago.

Quarterly sales gained 15 percent to 1.86 trillion yen ($16.9 billion).

Sony, whose sprawling business spans finance, movies, video games and consumer electronics, is seeing better results at its various units, including games, imaging products, semiconductors and home-entertainment systems.

Sony, which makes the Spider-Man series movies and the PlayStation 4 game console, stuck to its annual forecast for a 255 billion yen ($2.3 billion) profit, up dramatically from 73 billion yen posted the previous fiscal year.