Sony to post net loss of $1.65bn

22 January 2009

Sony has announced that it expects to post a net loss of $1.65bn, and an operating loss of $2.86bn, for the financial year ending in March. This marks a direct turnaround from previously predicted profits of $1.65bn and operating profits of $2.2bn. The group pinpointed the flagging electronics market, slow sales and the strength of the Yen as key reasons behind the turnaround.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications