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Sony forecasts recovery despite £3.5bn loss Thursday, 10th May 2012
Photo credit: Sony Europe Ltd
A net loss of GBP 3.5 billion for the fiscal year just ended hasn’t stopped Sony Corp from forecasting a return to profit within the next year.
The consumer-electronics business has said it expects to recover with a net profit of JPY 30 billion (GBP 233 million) for the year ending in March 2013, with a 14 per cent rise in revenue to JPY 7.4 trillion.
According to the Wall Street Journal, Sony expects major improvements in its camera, personal computer and component businesses, which suffered from the spate of natural disasters to strike Japan last year.
Sony on Thursday posted a net loss of JPY 456.66 billion (GBP 3.55 billion) for the year ending in March.