By Jonathan Davies

Sony has said it expects operating profit to quadruple this financial year and to pay a dividend for the first time since last year.

The Japanese tech giant, which has struggled financially for several years, is forecasting operating profits of 320bn yen ($2.7bn; £1.7bn) for the year ending in March 2016.

Sony said higher gadget sales and cost-cutting measures were likely to result in higher profits.

But shares fell 1.3% after the news, with the forecast below analysts own expectations of 401.6bn yen.

Sony has cut its profit forecast 15 times in seven years. And chief executive Kazuo Hirai took the decision to introduce a major restructuring programme in which it sold-off its computer business and spun-off its loss making TV division.

The tech firm endured a difficult time over the winter as it suffered cyber attacks in its movie and gaming businesses.