The following appears on BBC.com

Screen Shot 2014-03-12 at 12.00.41 PMSharp reported a net income of 11.6bn yen ($114m; £67m) for the financial year to 31 March on Monday.

Its profit, which was double its own forecast, was the first in three years.

Sharp is Japan’s largest maker of liquid-crystal displays (LCD), which are used in televisions and smartphones such as Apple’s iPhone.

However, it had been hurt in recent years by slowing demand, a strong Japanese currency and growing competition.

As a result, the firm implemented a major restructuring programme.

The restructuring, which saw Sharp cut jobs and sell stakes in its LCD units, has started to have some impact on its profitability.

The company has said it expects its net profit to triple to 30bn yen in the current financial year.

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