Sony sees record $6.4bn net loss
Tokyo, April 10, 2012
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. - Reuters