Sony has reported a loss of 40.8bn yen (£294m) for the year to end of March 2010, less than half the loss it made the previous year (98.9bn). Revenue fell by almost 7 per cent to 7.21 trillion yen.
The improvement was largely due to heavy cost cutting, the company says.
Sony expects sales of 3D televisions and games to help it make a profit of 50bn yen in the year to end-March 2011.
Consumer product sales fell by 20 per cent, partly because a strong yen made Sony's products more expensive overseas.
More after the break