Arab Today, arab today sony posts 126bn fiscal year net loss
Last Updated : GMT 16:04:17
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Sony posts $1.26bn fiscal year net loss

Arab Today, arab today

Arab Today, arab today Sony posts $1.26bn fiscal year net loss

Tokyo - AFP

Struggling electronics giant Sony said Wednesday it lost $1.26 billionin the fiscal year to March, blaming costs tied to its exit from the personal computerbusiness as the once-mighty firm undergoes a painful restructuring. The Japanese firm booked a whopping shortfall of 128.37 billion yen ($1.26 billion)and forecast a 50 billion yen net loss in the current fiscal year to March 2015.

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