Japanese electronics company Sharp has warned that it expects its net profit to slip in the first half of its financial year due to the rising costs of its investments and raw materials.
But the company said it still expected sales to increase thanks to robust LCD sales and it did not revise its projections for a full-year rise in net profit.
Sharp projected net profit of 43 billion yen ($375m) for the six months to September 30, down 7.6% from the same period the previous year.
Sharp said the reasons for the anticipated fall in profit included the cost of building its new LCD plant in Poland which produces liquid crystal display modules for the European market. Sharp also blamed the rising costs of raw materials.
