Japans Sharp sees deeper net loss

Posted by 7Star Thursday, April 9, 2009

Japanese electronics giant Sharp Corp said Wednesday that it had fallen deeper in the red than expected in the past year, suffering its first-ever loss due to the economic downturn. The company, which makes Aquos-brand flat-screen televisions, said the worse-than-expected performance reflected soured investments and restructuring costs amid the economic downturn.

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