Arab Today, arab today sony q1 loss widens cuts fy earnings forecast
Last Updated : GMT 04:17:20
Arab Today, arab today
Arab Today, arab today

Sony Q1 loss widens, cuts FY earnings forecast

Arab Today, arab today

Arab Today, arab today Sony Q1 loss widens, cuts FY earnings forecast

Tokyo - AFP

Sony said Thursday its fiscal first-quarter net loss widened to 24.6 billion yen ($313.5 million) while it cut its profit forecast for the year as the struggling Japanese firm overhauls its business. The consumer electronics and entertainment giant\'s latest loss dwarfed the 15.5 billion yen shortfall it reported in the same period a year ago. Quarterly revenue rose 1.4 percent to 1.51 trillion yen and the company said it squeezed out an operating profit of 6.28 billion yen. Sony also said it now expected a 20 billion yen full-year profit, down from an earlier projection of 30 billion yen for the year through March 2013. In April, Sony said it would cut about 10,000 jobs and spend nearly $1.0 billion on an overhaul that its new chief Kazuo Hirai described as \"urgent\". Sony has vowed a return to the black after losing 456.66 billion yen in the year to March, its fourth consecutive annual loss. The losses have been particularly acute in Sony\'s television business, where Japanese electronics firms have been hurt by a strong yen, shrinking profit margins and stiff competition from foreign rivals. Piracy has threatened its music and film assets while Sony was also hurt by by last year\'s quake-tsunami disaster.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sony q1 loss widens cuts fy earnings forecast Arab Today, arab today sony q1 loss widens cuts fy earnings forecast

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sony q1 loss widens cuts fy earnings forecast Arab Today, arab today sony q1 loss widens cuts fy earnings forecast

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday