Sharp raises operating profit forecast to nearly 1000 million dollars for fiscal 2013

Japan's Sharp Corp. on Tuesday raised its operating profit forecast to 100 billion yen (about 987.9 million U.S. dollars) from an earlier projection of 80 billion yen for the fiscal year to March, local media reported. The electronics maker also upgraded its sales estimate to 2.9 trillion yen from 2.7 trillion yen in the reporting period, while its net profit estimate was unchanged at 5 billion yen. For the nine months to Dec. 31, Sharp reported an operating profit of 81.47 billion yen, against a year-before loss of 166.23 billion yen, while sales soared 21.0 percent to 2.16 trillion yen.