Japan's Sharp says April-June loss widens to $274m

GMT 06:36 2015 Friday ,31 July

Arab Today, arab today Japan's Sharp says April-June loss widens to $274m

Japan's Sharp
Tokyo - Arab Today

Japanese electronics giant Sharp said Friday its net loss widened in the three months to June, as the embattled firm struggles through a restructuring and weak sales of its display panels and smartphones.

Osaka-based Sharp reported a 33.98 billion yen ($274 million) shortfall, well up from 1.79 billion yen in the same period last year.

However, it kept a full year target of 80 billion yen in operating profit on sales of 2.8 trillion yen. It did not give a net profit target.

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