Sony trims quarterly loss to $A111m

Sony is still struggling but has reduced its red ink for the latest quarter to a 10.7 billion yen ($A111.20 million) loss.

The Japanese electronics and entertainment company reported a 158 billion yen loss the same period the previous year.

Its result on Thursday showed that quarterly sales inched up nearly 7 per cent to 1.95 trillion yen despite declining sales of gadgets such as flat-panel TVs and Blu-ray video recorders as Sony got a perk from a weaker yen.

The yen has been weakening because of expectations the central bank will ease monetary policy.

A weak yen generally helps Japanese exporters such as Sony by boosting overseas profits.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.7237-0.0053-0.73%
    AUDUSD=X
    0.4649-0.0025-0.53%
    AUDGBP=X
    0.6596-0.0074-1.11%
    AUDEUR=X