Sharp Corp. said Tuesday that its group net profit during the October-December quarter logged a three-fold rise from the same period the previous year, hitting 13.97 billion yen.

The increase was attributed to strong sales of audiovisual equipment and electronic components.

The electrical machinery maker reported a group pretax profit of 24.48 billion yen for the third quarter of fiscal 2002, more than double the previous year’s figure, on a 23 percent rise in sales, which hit 526.12 billion yen.

Sharp’s group net profit in the April-December period came to 36.87 billion yen, up 77.1 percent from a year before, on a 12.7 percent rise in sales.

The company kept intact a full-year earnings forecast released Oct. 29, projecting a group net profit of 37 billion yen and a pretax profit of 68 billion yen on sales of 2 trillion yen.

In fiscal 2001, Sharp generated a net profit of 11.31 billion yen, a pretax profit of 48.89 billion yen, and sales of 1.8 trillion yen.

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