[lbo-talk] Sony and Toshiba profits plummet

uvj at vsnl.com uvj at vsnl.com
Wed Oct 29 13:03:33 PDT 2008


Wednesday, 29 October 2008

Sony and Toshiba profits plummet http://news.bbc.co.uk/2/hi/business/7697314.stm

Two of Japan's biggest electronics giants, Sony and Toshiba, have suffered falling profits due to the global economic downturn and the strong yen. Sony reported a 71% fall in net profit for the three months to the end of September, compared with the same period last year.

Toshiba actually made a net loss of 26.9bn yen (£173m; $277m) as sales fell 7% in the third quarter. http://news.bbc.co.uk/2/hi/business/7697314.stm



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