Sharp reports $918m 9-month loss as it mulls bailout offers
Japan economy
Tokyo - Arab Today
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Embattled Japanese electronics giant Sharp on Thursday said its nine-month net loss came in at a whopping $918 million, as its boards mulls competing bailout offers, including one from Taiwan's Hon Hai Precision. The company -- which has teetered on the edge of bankruptcy for years -- said its shortfall for the April-December period expanded to 108.3 billion yen ($918 million), compared with a 7.1-billion-yen loss seen a year ago. |
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