After two decades, Sony Corporation has registered historically high consolidated operating income of US$6.6 billion in fiscal year 2017, a 2.5-fold increase compared to the previous year. The company’s consolidated sales and operating revenue was US$77.04 billion, registering a 12 per cent rise compared to FY16. Sony also reported net income of US$4.4 billion, which was 6.7 times higher than that recorded in the previous fiscal year.
Sony has been through a process of re-invigoration and is firmly back on the path of growth and profitability. “Sony Middle East and Africa is also experiencing a strong growth momentum and has recorded a 15% increase in sales (in FY 2017) over previous fiscal year. This steady gain combined with the growing popularity of our high value-added products such as 4K BRAVIA OLED TV, truly wireless Noise Cancelling headphones, wireless speakers, high power home audio systems and full frame mirrorless range of Alpha cameras positions us well for FY2018,” said Fumiatsu Hirai, Managing Director at Sony Middle East and Africa.
Sony MEA expects its television, audio and digital imaging segments to grow further in the coming months following the scheduled launch of new products in 2018.
