Sony posts Y456.66 bil loss but expects to return to profit
10/05/2012 Σχολιάστε
TOKYO —
Japanese electronics giant Sony on Thursday posted a massive full-year loss of 456.66 billion yen, but vowed it would swing back into the black this year as it embarks on a massive restructuring plan.
The 456.66 billion yen loss for the fiscal year to March, its fourth consecutive year in the red, comes after it said last month it would cut about 10,000 jobs and spend nearly $1.0 billion on an overhaul its new chief described as “urgent.”
Sales for the year fell 9.6% on-year to 6.49 trillion yen, while the firm booked an operating loss of 67.28 billion yen.