TOKYO (Reuters) - Japan's Sharp Corp reported its third consecutive quarter of net profit on Friday, staying on track to achieve its first annual profit in four years following a cost-cutting drive under Taiwanese owner Foxconn.
With a profit recovery firmly underway, Sharp is preparing to take the offensive to regain lost presence in electronics markets.
It is expanding a sales drive of television sets in China and re-entering the Americas TV market with a high-end brand, as it aims to double global TV sales to over 10 million sets in the business year beginning April 2018.
The liquid crystal display (LCD) maker posted profit of 14.48 billion yen ($130.49 million) for the three months through June, reversing a year-earlier loss of 27.45 billion yen. read the rest here