Sharp's first-quarter operating profit boosted as Chinese smartphone makers swell sales

By Sophie Knight TOKYO (Reuters) - Japan's Sharp Corp said it expected revenue from Chinese smartphone makers to increase fivefold in the six months to September after a jump in smartphone panel orders helped boost operating profit by 55 percent in the first quarter. A big part of that recovery was due to demand from rising stars in China's smartphone market. Sharp's president, Kozo Takahashi, said the company expected revenue from Chinese handset makers to swell to 100 billion yen in the first half of the business year to Sept. 30. Sharp issued guidance earlier this year for 1 trillion yen in sales from LCD panels for the year to March 2015.

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