One of the world's largest electronic companies, Sony Corp said on Thursday that it was expecting a profit in this fiscal year.

The Japanese electronics and entertainment group has projected a five-fold increase in operating profit after being in the red for two consecutive years.

In the wake of painful restructuring measures, the company is back with an improved outlook for its troubled television set and video game units.

Despite the projection of profits, Sony corp. is adopting a cautious approach due to Greece's debt problems and the weakening of euro in the markets.

Company reports suggest that the company is optimistic about its return to profits after a low spell.

The figure as per the company show that the quarterly revenue rose 12.5% on year to 1.72 trillion yen owing to the strong sales of imaging sensors, LCD panels and gaming business related products.

However, the sales of Bravia LCD televisions have proved extremely disappointing.

Following the company's earnings statement, Sony shares rose 4.1% in Tokyo trading.

The fresh outlook of Sony is attributed to the drive implemented by Chief Executive Howard Stringer.

Howard reduced Sony's costs by trimming staff; he also closed some factories and outsourced production to contract manufacturers.