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Sony forecasts fall in FY results on earthquake impact

2016-05-24 13:23:00| Telecompaper Headlines

(Telecompaper) Sony has warned for lower sales in the current fiscal year to March 2017, hurt by the impact of an earthquake in Japan on its components business and negative currency effects. The company delayed issuing an annual forecast when it presented its last annual results in April, as it evaluated the impact of the earthquake and the disruption to activities at its main centre for producing image sensors. It now expects annual sales will fall to JPY 7.80 trillion from JPY 8.11 trillion last year, due to lower components sales and weaker revenues from mobile phones, consumer electronics and its music business. Growth in Playstation and restructuring of the mobile business is expected to lead to a slightly increase in operating profit this year, to JPY 300 billion from JPY 294 billion last year. This includes an expected negative impact of JPY 115 billion from the earthquake on operating profit. Net profit will still fall to an estimated JPY 80 billion from JPY 148 billion last year due to higher taxes and the absence of one-time divestment gaines. 

Tags: results fall sony impact

 

Get a Better Look at Google Search Results With 'Rich Cards'

2016-05-23 18:04:28| PC Magazine Software Product Guide

Rich cards for movies and recipes will initially appear on mobile google.com search results in English.

Tags: search with results google

 
 

SDX Energy reports positive results at AASE-24 development well in North West Gemsa

2016-05-23 01:00:00| Hydrocarbons Technology

SDX Energy has encountered significant oil bearing reservoir sections in both the Kareem Rahmi and Shagar formations on the recently completed Al Amir SE 24 (AASE-24) development well in North West Gemsa.

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PaintExpo Closes Again with Record-Breaking Results

2016-05-20 15:07:10| Coatings World Breaking News

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This week in beer & cider, featuring SABMiller's FY results, Heineken's Asia ambitions and Pabst's legal row with MillerCoors

2016-05-20 14:32:00| Daily beverage news and comment - from just-drinks.com

Here's a round-up of this week's top stories in the global beer & cider categories. We also have similar round-ups for soft drinks & bottled water and spirits & wine.

Tags: with results legal week

 

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