Sharp Posts Strong LCD Sales In 2007 Fiscal Year, Still Loses Money

Sharp's first quarter numbers are in for the 2007 fiscal year and not surprisingly the company posted a 1.5% operating loss despite a 9.3% increase in sales. Much of the sales growth was driven by LCD TV's growing popularity, with the company posting a sales increase of 15.7% in its audio/video sector. Sales of LCD panels were also strong for Sharp, especially in larger screen sizes, increasing 8.7%. In the past year Sharp has established new LCD manufacturing plants in Poland and Mexico, a third production line at one Japanese plant, and construction has begun on another Japanese plant. Sharp is expecting 2008 to be a tough year due to global economic stress, but plans to increase its focus on its LCD TV business. Interestingly, no mention was made of the company's recent investment in Pioneer, which played a role in Pioneer's decision to restructure its Kuro manufacturing process.

Via Twice

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