Sony has reported a 46.4 billion yen ($534 million) operating profit in its Q3 2012 figures, compared to a 97.1 billion yen loss from a year ago, The Verge reports.

That works out to a 10.8 billion yen ($128 million) net loss post-tax, but it's clear that the company is starting to stem the flow somewhat from its disastrous results last year. Sales were up 6.97 percent, helped by a weakening yen, and the company also pointed to its strategy of divesting assets such as the New York headquarters building.