Sharp aims for $1.47 bln operating profit by March 2016

TOKYO Tue May 14, 2013 4:40am EDT

TOKYO May 14 (Reuters) - Sharp Corp said it will aim for an operating profit of 150 billion yen ($1.47 billion) in the year through March 2016 as part of a three-year revival plan that the struggling Japanese display maker unveiled on Tuesday.

Sharp will "aggressively utilise alliances" to bolster profitability, Kozo Takahashi, who on Tuesday was named as Sharp's next president, said at a news briefing in Tokyo.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.