Sharp returns to Q1 profit on Foxconn's cost-cut drive, beats estimates

With a profit recovery firmly underway, Sharp Corp is preparing to take the offensive to regain lost presence in electronics markets. — Reuters

TOKYO: Japan's Sharp Corp reported its third consecutive quarter of net profit on July 28, staying on track to achieve its first annual profit in four years following a cost-cutting drive under Taiwanese owner Foxconn.

With a profit recovery firmly underway, Sharp is preparing to take the offensive to regain lost presence in electronics markets.