Mubasher: Sony reported higher-than-expected preliminary profits in the fiscal year ended March 2017, according to a statement.
The Tokyo-based company posted preliminary operating profits of 285 billion yen ($2.6 billion) for the fiscal year through March 2017, up 19% from its previous forecast.
Net income would be about 73 billion yen, more than twice the previous forecast.
The profit rise is backed by cost-savings in its insurance unit and strong performance across most businesses.
