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Posted by on Aug 2, 2012 in Companies, Economy |

Sony declines in operating profit 77% in the last quarter

Sony declines in operating profit 77% in the last quarter

Bad economic news from Japan, where is not getting off: The technology has just presented its Results for the quarter April to June this year, which reveals a Reduction in operating profit in the order of 77% over the same period in 2011.

Japan totaled 6,280 million yen (about 65 million), well below the estimated gain in 17,600 billion yen (183 million) made by analysts, which estimated a 36% fall in profits … That is, in fact the decline was more than double the estimate, as highlighted by Reuters.

Thus, the balance sheets of Sony still looking nasty red numbers after four consecutive quarters of losses: Between April and June this year Japan has recorded losses in the order of 24,641,000 yen (U.S. $312 million or 256 million euros) , 59% from 15.502 million yen (161 million) lost in the same period last year.

Having seen from Sony have lowered their overall expectations for this year, which now aim to win about 20,000 million yen (208 million euros), far less than the 300 million who had forecast in May year, when it announced record losses recorded in the first three months of 2012.

Operating profit falls 77 pct Sony in Fiscal Q1 (Reuters)
- Sony losses increased by 59% in its fiscal first quarter (Portaltic)

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