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TOKYO Cheap Jerseys Online , July 31 (Xinhua) -- Sharp Corp. announced Friday it had booked a net loss of 33.98 billion yen (274 million U.S. dollars) in the April-to-June period, marking the fifth straight year of red ink.
With sluggish sales of LCD displays for its smartphone sector weighing heavily on the firm's balance sheet, the Osaka-based electronics maker said Friday it plans to exit the TV market in the Americas and said it would sell its TV manufacturing plant in Mexico and license its brand to China's Hisense Group.
"Sharp has not been able to fully adapt to the intensifying market competition, which led to significantly lower profits compared to the initial projections for the previous fiscal year Cheap Jerseys Free Shipping , and has been suffering from poor earnings performance," Sharp said in a statement referring to its ailing TV business.
The embattled electronics maker along with posting a disappointing net loss, also said Friday its group operating loss came at 28.76 billion yen, tumbling from a 4.67 billion yen profit booked a year earlier Cheap Jerseys From China , with sales totaling 618.30 billion yen, a drop of 0.2 percent.