Advertisement

HindustanTimes Thu,02 Oct 2014

Sony posts $160 mn net loss, cuts earnings forecast by 40%

AFP  Tokyo, October 31, 2013
First Published: 12:06 IST(31/10/2013) | Last Updated: 12:11 IST(31/10/2013)
Japanese electronics giant Sony said Thursday it booked a net loss of $160 million in the six months to September and cut its full-year earnings forecast by 40%.

   
The maker of Bravia televisions and PlayStation games consoles said it lost 15.8 billion yen ($160 million) in the period, against a 40.1 billion yen loss a year earlier. For the year to March it cut its profit outlook to 30 billion yen from 50 billion yen, citing tough times in its electronics business.
Advertisement

Advertisement
more from Business

Mallya has to clear loan defaults to serve as USL chairman: Diageo

Loan default cases against Vijay Mallya and his UB Group may cast a shadow over his continuation as chairman of United Spirits Ltd in the future, with its current parent, UK-based Diageo, making it clear in a statement from its headquarters in London.

markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved