Sony Announces Q2 2012 With $198 Million In Loses

Posted on Nov 1 2012 - 6:59am by Editorial Staff

Sony 1 300x104 Sony Unveils First Mobile Tabletop, VAIO Tap 20, VAIO Duo 11 PCs For The US Market

Sony today announced its second quarter earnings with reporting a loss of $198 million on $20.5 billion in sales. Without taxes, the company has made an operating profit of $388 million, compared to a $20 million operating loss at the same time last year. The restructuring charges, net, decreased year-on-year to $147 million, blaming the decrease was due to impairments recorded in the devices segment in the same quarter of the previous fiscal year. The company planned high as stated earlier with cutting 10,000 jobs cuts this year.

For the consolidated results for the period six months ended September 30, 2012, sales increased 1.6% year-on-year to $39.99 billion, primarily due to a significant increase in the sales of the MP&C segment reflecting the impact of the consolidation of Sony Mobile from February 2012. The operating income from the period increased to $468 million, primarily due to an improvement in the operating results of the Devices and HE&S segments.

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