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
A relevant agreement was signed by the minister of finance Gagik Khachatryan and German ambassador to Armenia Rayner Morel.
The total cost of the final deal is over AMD 85.8 billon to be paid in two equal halves, after completion of the deal formalities.
Aleksei Miller was also scheduled to meet with government officials in Germany, which is a major customer of Gazprom’s supplies.
Access to finance is a major impediment to the growth of micro, small and medium enterprises, especially in the rural areas.
Partner news