20
May
2008
Twice: Pioneer reported lower operating revenue, operating income and a higher net loss for fiscal 2008, ended March 31, as well as confirming plans for improving profitability.
In its consolidated business results for fiscal 2008, consolidated operating revenue decreased 2.8 percent year-on-year to $7.74 billion, mainly due to lower plasma display and DVD recorder sales, despite higher sales of DVD drives, Blu-ray Disc-related devices, car audio products and car navigation systems.
Operating income decreased 12.7 percent year-on-year to $109.1 million chiefly due to a larger loss in the plasma display business, despite higher earnings in the car electronics business.
NaviGadget:
The Register:

