Weak yen boosts Sony earnings

<p>Earnings at Sony are up because of the weak yen.</p>

The weakness of the yen has contributed to increased earnings by Sony.

It has been announced by the company that it made a net profit of 3.5 billion yen (£23 million) in the second quarter of the year.

Sony confirmed that this was compared to a loss of 24.6 billion yen last year, indicating that the firm has enjoyed a stronger three-month period than expected.

The boost to Sony's finances has been aided by a weak yen, with the commodity having lost 25 per cent against the US dollar since November.

Analysts stated Asian firms will see improvements in their profits as a result of the weak yen.

Sony's shares ended the day of trading in Asia at 21.04, which is close to the 52-week high for the firm's stocks of 23.38. In the last year, its shares have been selling for as low as 9.57.

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