Japanese electronics maker Sharp said Wednesday it expected a full-year net loss of $3.8 billion, blaming falling prices, a high yen and the global economic slowdown.
The firm expects to lose 290 billion yen for the year to March, reversing an earlier projection of a six billion yen net profit.
For the nine months to December it made a net loss of 213.5 billion yen, compared with a 21.83 billion yen profit in the corresponding period in the previous year, it said.
During the same period, operating losses came to 9.1 billion yen, reversing operating profit of 66.5 billion yen in the previous year, while sales fell 18.3 percent to 1.9 trillion yen, Sharp said. (AFP)
↧