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Sony Decodes Quarterly Profits
By Anders Bylund
July 31, 2006

Is the King back in the building? Electronics and entertainment giant Sony (NYSE: SNE) just reported earnings for Q1 of fiscal 2007, and the year was a good one. In fiscal 2006, Sony produced a net loss of 7.3 billion yen -- about $65 million -- in the seasonally slow late spring/early summer quarter. This time around, sales ticked up 11% year over year while costs remained rather flat, resulting in improved margins and a total profit of 32.3 billion Yen, or $281 million......
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