Shares in Sony surge after swing to profit

LOOKING UP: After years of profit downgrades and strategic drift, Sony has turned a corner this year with a restructuring that has involved shedding 15,000 jobs, exiting PCs and spinning off its TV business.

TOKYO: Sony shares soared more than 12% in Tokyo on Feb 1 after the electronics giant posted a nine-month net profit of almost US$2.0bil (RM8.32bil) thanks to strong sales of its game console and parts for mobile gadgets. 

The firm has been working to claw back to profitability under a painful restructuring that has included layoffs and asset sales, including its Manhattan headquarters and laptop division.