Sony has reduced the flow of red ink for the fiscal second quarter on a sales recovery and restructuring efforts, and is sticking to its full-year forecast for a return to profit.
The Japanese electronics and entertainment company reported on Thursday a 15.5 billion yen loss for the July-September period, much better than the 27 billion yen loss racked up the same period the previous year.
Quarterly sales improved 1.9% to 1.6 trillion yen.
The maker of Viera TVs and the PlayStation 3 game machine remains in deep trouble as does much of the Japanese electronics industry - slammed by cheaper competition in flat-panel TVs, and by Apple of the US and South Korea's Samsung Electronics in mobile devices.