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Sharp Recovers in Fourth Quarter of 2016
2017/03/27
Although facing operating difficulties, Sharp started to show improved performance during the fourth quarter of 2016 after half-year operation by the company’s new shareholder, the Hon Hai Group from Taiwan. After having been purchased by the Hon Hai Group, Sharp was reorganized and managerial strategy was changed, with a view to reversing the company’s negative financial situation. Sharp also proposed a plan to establish a large liquid crystal display (LCD) panel production base in the United States. The financial report of the fourth quarter of 2016 showed that Sharp had begun to make profits for the first time during the past nine quarters.
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