Sony reduces loss for October-December period to 10.7 billion yen ($115 million)

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TOKYO - Sony is still struggling but has reduced its red ink for the latest quarter to a 10.7 billion yen ($115 million) loss.

The Japanese electronics and entertainment company reported a 158 billion yen loss the same period the previous year.

Its result Thursday showed that quarterly sales inched up nearly 7 per cent to 1.95 trillion yen ($21 billion) despite declining sales of gadgets such as flat-panel TVs and Blu-ray video recorders as Sony got a perk from a weaker yen.

The yen has been weakening because of expectations the central bank will ease monetary policy. A weak yen generally helps Japanese exporters such as Sony by boosting overseas profits.

Geographic location: TOKYO, Blu

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