Sanyo mired in losing run

Japanese consumer electronics vendor Sanyo reported its fourth consecutive quarterly loss in the three months to December 31.

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By  Administrator Published  February 28, 2007

Japanese consumer electronics vendor Sanyo reported its fourth consecutive quarterly loss in the three months to December 31.

Sanyo reported that net profits were down  nearly US$60 million compared to the corresponding period in 2005.

Sales fell 3.1% to US$4.8 billion, with disappointing domestic sales predominantly accounting for the decline.

Despite a 4% increase in overseas sales, Sanyo’s consumer electronics division struggled, with sales dropping almost 10% for the quarter compared to 2005.

Sanyo predicted that its bottom line for the full-year ending March  is expected to reach US$411 million in losses.

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