Sony’s profit dip, sticks to forecast for year

TOKYO: Sony Corp. reported Tuesday a 33% drop in its fiscal first quarter profit as sales dipped in its electronics operations, including TV sets and camcorders.

The Japanese electronics and entertainment company’s April-June profit totaled 152 billion yen ($1.4 billion), down from 226 billion yen in the same period of the previous year.

Quarterly sales inched down 1% to 1.93 trillion yen ($17.7 billion).