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.

 Top stories
“Government’s policy line of boosting the NPP’s safety and building a new power unit remains unchanged,” Armen Movsisyan said.
In turn, Armenia will provide $500 thousand in abolished taxes and duties for imported equipment and pipes.
Armenia’s rich cultural, historical and Christian heritage will be presented in travel guides and maps in Russian during the exhibition.
The contract terms stipulated by companies allowed them to charge subscribers for the period when no internet service was provided.
Partner news