Sharp posts fifth straight quarterly profit on TV sales

TOKYO: Japan’s Sharp Corp, an Apple Inc supplier, reported its fifth consecutive quarterly net profit, boosted by gains in sales of its televisions.

Sharp, which is controlled by Taiwan’s Foxconn, posted a net profit of 20.6 billion yen (US$189.5mil) in October-December, nearly five times what it logged in the same period a year earlier and slightly beating the 19.14 billion yen average of estimates by five analysts surveyed by Thomson Reuters.