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Sharp sees LCD TV business in the red this year

TOKYO, April 27 (Reuters) - Japan's Sharp Corp 6753.T said on Monday its LCD TV operations are likely to stay in the red this year although its losses are likely to shrink substantially.

Sharp expects its audio-visual and communications equipment division to post an operating loss of 11.6 billion yen ($120 million) in the financial year to March 2010, compared with a 53.6 billion yen loss a year earlier.

SharpExecutive Vice President Toshishige Hamano told a news conference the figures were mostly accounted for by its LCD TV business. (Reporting by Kiyoshi Takenaka)

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