Sony reports smaller annual losses, expects profits to return by 2011

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Sony 3D TV

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.

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