Japan's Sharp logs $17.4mn first-quarter net loss

01 Aug, 2014

TOKYO: Japanese electronics maker Sharp said Friday it logged a $17.4 million net loss for the three months to June, but added it still expected a full-year profit.

The Osaka-based company lost 1.79 billion yen in the period, well down from a 17.98 billion yen shortfall a year ago, which it said was largely due to offsetting the costs of an overseas lawsuit.

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