Sony forecasts return to profit in year to March 2012
Sony confirmed that it suffered a net loss of $3.2 billion (259.6 billion yen) in the year to March but forecast a net profit of 80 billion yen for the fiscal year that ends in March 2012.
The maker of PlayStation consoles and Bravia televisions was forced to shutter plants in Japan after the March 11 quake and tsunami disasters battered supply chains and damaged some of its facilities.
Since last month Sony has been targeted in cyber attacks involving the theft of data including names, passwords and addresses from more than 100 million accounts on its PlayStation Network and Sony Online Entertainment services.
In the quarter to March alone, Sony incurred a 388.8 billion yen net loss mainly due to the impact of the quake disaster. The company also cited a 362 billion yen non-cash charge set aside for deferred tax assets.
Sony said operating profit grew to 199.8 billion yen for the year to March from 31.8 billion yen, but sales were down 0.5 per cent at 7.18 trillion yen.
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