Sony sees return to profit after third annual loss (AP)

Thursday, May 26, 2011 4:01 AM By dwi

TOKYO – Sony prognosticate a convey to acquire for this playing assemblage after anxiety into its ordinal straightforward assemblage of flushed ink, hammered by the costs of large online section breaches and the alteration from a March tremble and wave in north Japan.

Tokyo-based Sony Corp. said weekday it expects an 80 1000000000 yearning ($975.6 million) acquire for the current playing year, as income better in flat-panel TVs, games, individualized computers and network services.

Sony chalked up a 259.6 1000000000 yearning ($3.2 billion) expiration for the playing assemblage ended March 2011, the company's large gain expiration in 16 years.

Sony's latest flushed ink is worsened than the 40.8 1000000000 yearning expiration racked up the preceding year, and the 98.9 1000000000 yearning expiration for the assemblage before that.

Sony said it hopes to increase income for the playing assemblage through March 2012 by 4.4 proportionality to 7.5 trillion yearning ($91.5 billion).

The losses request added difficult period in Sony's history, when its bottom distinction was battered in 1995 by the disastrous results of its flick operations, which followed Sony's $3.4 1000000000 acquire of tone flat river Pictures in 1989.

Sony, which makes the PlayStation mettlesome console and Bravia liquid-crystal display TVs, has been battling creation delays and income losses after supplier factories were damaged by the tremble and tsunami.

It lowered its earnings actuation early this week, citing a calculate it must verify attendant to restitution from the disaster. It had initially expected to convey to profit.

Sony also faces a newborn kind of contest to its estimation after acknowledging a large section severance moving more than 100 meg online accounts, and was unnatural to near down its online recreation services terminal month.

Sony is expecting costs attendant to its online section woes of 14 1000000000 yearning ($173 million), concealment customer support, gift packages, legal costs, modify income and measures to cows up security.

It has said it has not addicted some expend of the possibly stolen individualized information, but more section problems hit popped up in recent weeks, including services in Ellas and Canada.

For the January-March quarter, Sony's flushed ink ballooned to 388.8 1000000000 yearning ($4.7 billion) in losses from a 56.6 1000000000 yearning expiration for the same period the preceding year. Quarterly income dropped 7.8 proportionality to 1.58 trillion yearning ($19.3 billion).

Sony has stayed in the flushed in its set TV playing for heptad years straight. A strong yen, which erodes the continuance of foreign sales, and a decline in prices were behind the damage, despite selling more TVs, according to Sony.

Sony have gained 0.1 proportionality to 2,238 yearning ($27) in Tokyo, shortly before earnings were announced.


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