Sony sees record $6.4 bn net loss, double estimate

Sony Corp said on Tuesday it will post a record net loss for the year that ended March 31 of 520 billion yen, more than double a February forecast as a result of additional tax expenses.

The consumer electronics company, said, however, it plans to return to an operating profit this financial year, forecasting a profit of 180 billion yen after an estimated loss of 95 billion yen for the year just ended.