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Sony FY results down after weak Q4 due to Covid-19 disruptions

2020-05-13 09:42:00| Telecompaper Headlines

(Telecompaper) Sony reported revenues for its fiscal fourth quarter to March down 18 percent year-on-year to JPY 1.75 trillion, as the coronavirus outbreak disrupted sales of many of its products. Operating profit dropped 57 percent to JPY 35.4 billion, and net profit was down 86 percent to JPY 12.6 billion. The weak quarter means Sony missed its full-year guidance, and the company did not give an outlook for the new year. 

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