Sharp’s LCD Deal With Samsung Drives First Profit in 3 Years
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Sharp Corp. forecast its first annual profit in three years as Japan’s largest maker of liquid-crystal displays expects orders to recover after signing a deal with Samsung Electronics Co.
Net income may be 5 billion yen ($49 million) in the year started April 1, compared with a loss of 545 billion yen a year earlier, the Osaka-based company said in a statement yesterday. The projection beat the 2.1 billion-yen average of 13 analyst estimates compiled by Bloomberg.