Sharp Corp. said Tuesday its group net profit in the April to June period rose 32.6 percent from a year earlier to ¥19.20 billion ($172 million) as cost-cutting efforts paid off in its display business.
Group operating profit in the first quarter of fiscal 2018 surged 45 percent to ¥24.80 billion on sales of ¥533.86 billion, up 5.4 percent.
The strong earnings came as the Osaka-based electronics firm benefited from its restructuring efforts since it came under the wing of Taiwanese parent Hon Hai Precision Industry Co. in 2016.