corp-at-its
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
See more here:
Sony cuts annual profit view on movie business writedown