Sony raises profit forecast as strong gaming business drive growth

Japanese electronics and entertainment company Sony reported a 3 per cent gain in October-December profit Thursday, and raised its full-year forecast.

Quarterly profit totaled 373.7 billion Yen (USD 2.4 billion), up from 364 billion Yen.

Quarterly sales edged up 18 per cent to 4.4 trillion Yen (USD 29 billion), boosted by solid results in its financial services, games and music operations.

The Tokyo-based maker of the PlayStation video game machine reported a 21 per cent gain in April-December profit at 943.9 billion yen (USD 6 billion), up from 781.6 billion.