Japan's Sharp says April-June loss widens to $274m
Japan's Sharp
Tokyo - Arab Today
Japanese electronics giant Sharp said Friday its net loss widened in the three months to June, as the embattled firm struggles through a restructuring and weak sales of its display panels and smartphones.
Osaka-based Sharp reported a 33.98 billion yen ($274 million) shortfall, well up from 1.79 billion yen in the same period last year.
However, it kept a full year target of 80 billion yen in operating profit on sales of 2.8 trillion yen. It did not give a net profit target.
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