Renesas turns a profit despite 5% drop in sales
Renesas Electronics has reported net sales for the year ended March 31 2015 of ¥791.1billion ($7.3bn), a 5% decrease compared to the previous year. According to the company, this was due mainly to a decrease in sales of drivers for small and medium sized displays in mobile handsets and consumer electronics devices.
While sales into the automotive sector grew by 6.4% to ¥323.1bn ($3bn), revenues from general purpose devices dropped by 12.7% to ¥425.5bn ($3.9bn).
Net income for the year was stated as ¥82.4bn ($762million), compared to a loss of ¥5.3bn ($49m) in its 2014 financial year.
Source: www.newelectronics.co.ukPrevious news All news of day Next news
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