Monday, 11 February 2013

Sony reduces losses

The latest quarterly financial report from Japan's Sony Corp show net losses down to 10.8 billion yen (£73 million) for the last quarter of 2012 (Q3), compared to losses of 158 billion yen for the same quarter a year earlier. Sales were also up 6.9% to 1.948 trillion yen.  A slump in the fortunes of the group's traditional cash cows of consumer electronics, and especially in the television set space, has hit the firm hard but restructuring and a sales recovery promoted by a weakening yen appears to have allowed the Group to reduce losses. 

http://www.sony.net/SonyInfo/IR/financial/fr/12q3_sony.pdf

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