Sharp, Japan’s leading maker of liquid crystal displays, posted a worse than forecast 500 billion yen (HK$39.7 billion) net loss in the year that ended March 31 as panel plants asset write offs crimped its bottom line, two sources with knowledge of the earnings result said.
Lower than anticipated production levels have left the company with excess capacity, the sources said on condition they were not identified. Sharp will also book charges to put aside cash to cover possible fines stemming from a panel cartel investigation in Europe, they added.
via Business feed http://www.scmp.com/business/companies/article/1227382/sharp-post-worse-forecast-loss-sources
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