Sony has posted a profit in its 2012 fiscal year end report, showing good signs for the company which has undergone some troubles in recent times.

The company recorded sales and operating revenue at 6.8 trillion yen ($72.3-billion), and a net income of 43 billion yen ($424.2-million), which are up from the year before.

While Sony’s financials look more favourably than recent years, the games division did see a decline from the year before, as Sony posted a smaller 1.7 billion yen ($16.8 million) sales income for the fiscal year 2012.

Sony attributed the results to “gains associated with sales of assets undertaken as a part of Sony’s efforts to transform its business portfolio and strengthen its financial structure.”

Sony expects sales to increase “significantly” for the fiscal year ending 31 March 2014.

The release of the Playstation 4 within the fiscal year 2013 could prove a great boost for the company. Do you think the PS4 will have a more successful launch than the PS3?

Source: Sony financial report

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