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EARNINGS : Sony Unit’s Profit Soars 45%

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From Times Wire Services

Japan’s Sony Corp. today posted dazzling results for the first half of its fiscal year, but industry analysts forecast tougher times ahead.

Buoyed by strong sales of 8-millimeter video camcorders, audio equipment and color TVs, the parent company’s net profits jumped 45% in the six months ended Sept. 30 to $307.7 million, officials said.

Profit growth for the Sony group as a whole, however, was much smaller due to the falling value of the dollar, a slowdown in the U.S. economy and continuing costs of absorbing Columbia Pictures Entertainment and CBS Records Inc. Net group profits rose 6% to $405.9 million.

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