Bank Of Baku

Sony sees record $6.4 billion net loss, double earlier estimate

Sony sees record $6.4 billion net loss, double earlier estimate
# 10 April 2012 12:04 (UTC +04:00)
Baku - APA-Economics. Sony Corp. said on Tuesday it will post a record net loss for the year that ended March 31 of 520 billion yen ($6.4 billion), more than double a February forecast as a result of additional tax expenses.

The consumer electronics company, said, however, it plans to return to an operating profit this financial year, forecasting a profit of 180 billion yen after an estimated loss of 95 billion yen for the year just ended.
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