Sony Music posts 23% Q2 profit rise in Yen, boosted by exchange rate
Sony Music has posted a 23.5% rise in Q2 operating profit in Japanese Yen for the three months ended September 30.
The increase was primarily due to the favorable impact of the depreciation of the Yen against the US dollar, as well as a general increase in sales of Sony’s recorded music.
The firm's Music group posted a 9.7bn Yen (US $99m) operating profit in the quarter, compared to 7.9bn Yen in Q2 2012.
The operating profit represented a big ...
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