SPACE WIRE
Sony enjoys surging profits on success of electronics, games
TOKYO (AFP) Apr 24, 2003
Sony said Thursday its net profit surged more than seven-fold in the year to March thanks to the popularity of its consumer electronics, video games and movies.

The electronics giant said net profit jumped to 115.5 billion yenmillion dollars) from 15.3 billion yen a year earlier, while pre-tax profit rose to 247.6 billion yen from 92.8 billion yen.

But sales skidded 1.5 percent to 7.47 trillion yen.

A decline in profit from Sony Corp.'s music arm dampened its overall results.

The company said it would release details about its outlook for the year to March 2004 later in the day.

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