Sony more than doubles net loss forecast

TOKYO : Japanese entertainment giant Sony on Thursday more than doubled its full-year net loss forecast to $2.9 billion,

Published February 2, 2012 Updated February 2, 2012 08:30am

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By Muhammad Iqbal

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The firm said it was expecting a net loss of 220 billion yen ($2.9 billion) for the year to March, up from 90 billion yen previously. It announced net losses of 201.45 billion yen for the nine months to December.

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