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Sony expects around $3 bln loss in TV business in 2011/12
February 2, 2012 / 7:23 AM / 6 years ago

Sony expects around $3 bln loss in TV business in 2011/12

TOKYO (Reuters) - Japan’s Sony Corp expects a 2011/12 loss in its TV business of 220-230 billion yen ($2.9 billion to $3 billion).

Masaru Kato, Sony’s Chief Financial Officer, made the comment in a media after the company disappointed with a 91.7 billion yen operating loss in October-December that was worse than analysts’ estimates.

($1 = 76.1300 Japanese yen)

Reporting by Nathan Layne and Yoko Kubota; Editing by Joseph Radford

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