Monday, May 23, 2011

Sony expects 2.3 billion euros of losses

The Japanese electronics giant Sony announced on Monday that he now thought to have ended the financial year to April 2010 to March 2011 on a heavy net loss, revenue shortfalls and losses due to the earthquake in Japan 's adding a special charge for taxes. Sony claims to have suffered a net loss of 260 billion yen (2.3 billion euros) over the past year, whereas previously it expected a profit of 70 billion yen and a net deficit had complained of 40.8 billion a year earlier.

The group justified the revision in a very sharp decline in its calculations by an accounting related to taxes, which is largely responsible for the deep diving in the red. It also took into account the impact of the earthquake of 11 March in the north-eastern Japan on its turnover and asset impairments and expenses incurred by the disaster, due to damage in plants group.

Moreover, recent victim of unlawful access to personal data of subscribers to its main line services, Sony said Monday that he expected that this gigantic piracy has an impact of 14 billion yen (122 million euros) on its operating profit for the year. Sony expects a parallel increase in its turnover during the current fiscal year (which ends March 31, 2012) and an operating profit less stable over one year.

The group will announce its final results 2010-2011 and detailed forecast for the year Thursday, May 26

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