The following appears on Nasdaq.com

TOKYO, May 9 (Reuters) – Japan’sSharp Corp, an Apple Inc supplier, said on Thursday it expects its operating profit to rise 18.8 percent this year, but well below its target.

Electronics maker Sharp, controlled by Taiwan’s Foxconn , forecast operating profit of 100 billion yen ($909.84 million) for the year to March 2020, up from 84.1 billion yen a year earlier.

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SOURCE Nasdaq

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