Home Tech/AITech news Sony Slashes Guidance On Impairment Charge In Mobile Division

Sony Slashes Guidance On Impairment Charge In Mobile Division

by Amwal Al Ghad English

Sony Corp said on Wednesday it now expects a much deeper net loss and will not pay a dividend for this fiscal year, hit by a 180 billion yen ($1.7 billion) impairment charge in its mobile communications segment.

The Japanese consumer electronics company now sees a 230 billion yen net loss for the year ending March 31, versus its previous forecast for a 50 billion yen loss.

Source : Reuters

You may also like

Leave a Comment