Hardware
Hitachi expects a Ñ70 billion $695 million net loss for its fiscal year ending in March as its TV operations continue to deteriorate. The company has now cut over $1 billion off its earnings target in just over a month and is on course for a second straight year of losses. The company said the huge losses stem from a decision to write down deferred tax assets at its parent company, which it feels can no longer be realised due to the worsening performance of its TV business. Hitachi originally had a net profit target of Ñ40 billion US$397 million. The projected loss is mostly due to its flat-panel TV business,...
¬ Haymarket Media Limited. All rights reserved.
