Sony makes more money

sony_logo_720Sony seems to be starting to recover from its period of falling profits and woe.

The Japanese consumer electronics maker said its official third-quarter operating profit was $1.5 billion, up 2.2 percent from what it thought it would get last month.

Apparently there was a boost to the bottom line by strong sales of sensors and videogames it also has been cutting back and looking down the back of the sofa for the odd penny or two.

Sony said that its earlier estimate wasn’t final, as Sony had not yet compiled accurate data for its Hollywood movie studio after a massive hack into its computer systems. On February.4 Sony said third-quarter operating profit was nearly double year-earlier and a sign that its nadgers were out of the fire and had an ice pack placed on them.

Sony said that including official results for the movie studio, quarterly revenue rose 6.5 percent from a year earlier.

Forecasts for the full-year ending March 31 were unchanged.

Sony shares have risen more than 30 percent so far this year on hopes of a turnaround, following a program of massive cuts in unprofitable segments and targeted expansion in lucrative areas such as sensors for smartphone cameras.