TOKYO — Japanese electronics colossus Sony on Thursday said it expects to return to profit in the current financial year on the back of tough restructuring measures and a pick-up in want.
The maker of Bravia televisions, PlayStation game consoles and Cyber-shot cameras forecast a profit of 50 billion yen in the year ending Cortege 2011 as it looks to aggressively launch 3D televisions and related products.
For the financial year just ended, the partnership reported an operating profit of 31.8 billion yen (345 million dollars) compared to a loss of 227.8 billion yen the early previously to year, which was its biggest ever.
However Sony faces a potentially "grave impact" if the eurozone crisis deteriorates and deters consumers, as Europe accounts for around 25 percent of province, said chief financial officer Nobuyuki Oneda.
The company announced its second consecutive annual annihilation of 40.8 billion yen for the past year, narrowing from a loss of 98.9 billion yen previously.










