International. The manufacturer of sharp screens continues its recovery process, after several years of going through a difficult economic situation. Its executives announced a sale of shares to obtain more cash flow and to continue with the development of products.
According to the information provided, they expect to raise about $1,700 through a public offering of shares. This news has been very well seen by the market, because despite the losses, the company had not used its borrowing capacity to supply them.
In addition, the recent numbers confirm the recovery process. Despite having lost US$180 million in the last fiscal period, it is a lower figure compared to previous reports. In the fiscal year immediately preceding this report, losses had reached $1.3 billion.
This decrease in the company's losses has been marked by the good results in different business areas, such as LCD manufacturing, telecommunications and audiovisual.
This is another step in Sharp's restructuring plan, which began earlier this year with the announcement to lay off 5,000 employees. To this was added the capitalization of more than US $ 330 million made by the companies Qualcomm and Samsung.
