Sony reports record net loss of $6.4 billion

Sony reports record net loss of $6.4 billion

PanARMENIAN.Net - Sony Corp. said on Tuesday, April 10, 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 reported.

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