Thursday 1 November 2012

Sharp forecasts bigger full-year operating loss

<p><a href="http://news.yahoo.com/sharp-forecasts-bigger-full-operating-loss-061902089--finance.html"><img alt="Logo of Sharp Corp is pictured at CEATEC JAPAN 2012 electronics show in Chiba" height="86" src="http://l3.yimg.com/bt/api/res/1.2/h76AGXlzSulrVXISgy11VQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http%3A//media.zenfs.com/en_us/News/Reuters/2012-11-01T061902Z_1_CBRE8A00HK200_RTROPTP_2_CTECH-US-SHARP-EARNINGS.JPG" title="Logo of Sharp Corp is pictured at CEATEC JAPAN 2012 electronics show in Chiba" width="130" /></a>TOKYO (Reuters) - Japan's Sharp Corp, the struggling maker of Aquos TVs, increased its full-year operating loss forecast to 155 billion yen ($1.94 billion) from a previous 100 billion yen loss forecast. At a net level, Sharp slashed its full-year loss forecast to 450 billion yen from a previous forecast of 250 billion yen. Sharp said, however, it expects to post an operating profit in the current October-March second half, after losing 168.9 billion yen ($2.11 billion) in the first half year - a target that will allow its banks to justify a $4.6 billion bailout of the TV maker. ...</p>

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