Saturday October 31, 2020

Sony's value surges as James Bond and Adele boost earnings

Shares in the Japanese electronics giant climbed 12% in Tokyo on Monday

1st February, 2016
Daniel Craig who plays James Bond in "Spectre" Pic: Getty Images

Sony gained $3.3 billion (€3 billion) of market value after reporting better-than-expected profit with a huge helping hand from Hollywood, music and games last quarter.

The shares climbed 12 per cent to 2,836 yen in Tokyo on Monday, the biggest increase since October 2008, compared with a two per cent advance for the Nikkei 225 Stock Average. Sony’s net income surged to 120.1 billion yen (€915 million) in the December quarter, beating the 91.1 billion yen...

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