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Sharp warns on profits as Foxconn deal drags on Sharp warns on profits as Foxconn deal drags on
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Sharp warns on profits as Foxconn deal drags on
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Old 26th March 2016, 14:45   #1
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Default Sharp warns on profits as Foxconn deal drags on

Sharp has warned that its annual earnings were likely to fall short of its official guidance citing a slowing China market just as Foxconn is expected to lower its offer for the loss-making Japanese display maker.

Yomiuri newspaper said that Sharp could book an operating loss of "tens of billions of yen" for the year ending this month. Figures thrown around include an annual loss on that scale rather than the $88 million operating profit it had forecast in October.
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