The Japanese manufacturer of displays and electronics Sharp reported on the largest interim profit for the past decade. Nikkei commentators note that the semi-annual results indicate the effectiveness of the reforms carried out by the new owner of Foxconn, which in 2016 acquired a controlling stake in Sharp and placed its representative, Tai Jeng-wu,.

In the six-month period from April to September 2017, Sharp's net profit was 34.7 billion yen ($ 304 million), which is significantly better than last year's loss of 45.4 billion yen. It is also noted that the company has not registered such a high performance since 2007, and that the revenue received surpassed the forecast of Sharp by almost 10 billion yen.

Thanks to the core liquid crystal display business, Sharp's half-year revenue jumped 21% to 1.11 trillion yen ($ 9.7 billion). Sales of LCD products increased by 46%. The most pronounced increase in demand was observed in China and Europe, and among products the most demanded were LCD panels for tablets and TVs.

Taking into account better than expected results, Sharp raised the forecast for the current financial year, which will last until March 2018. Now the company expects a net profit of 69 billion yen ($ 607.6 million), while the former was the sum of 59 billion yen. For comparison, in 2016, the net loss of the vendor was 24.8 billion yen.