202-1-billion
Sony cuts annual profit view on movie business writedown
February 2, 2017 by elegant · Leave a Comment
Sony Corp on Thursday cut its full-year outlook for operating profit on Thursday after the Japanese TV-to-gaming group took a $1 billion writedown on its struggling movie business. Sony forecast group operating profit of 240 billion yen ($2.13 billion) for the year ending in March, down from a previous estimate of 270 billion yen. It also said October-December operating profit fell to 92.4 billion yen
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Sony cuts annual profit view on movie business writedown