Sharp (SHCAY.PK), a major supplier to Apple (AAPL) warns there is a "material doubt" about its...

|About: Sharp Corp. ADR (SHCAY)|By:, SA News Editor

Sharp (SHCAY.PK), a major supplier to Apple (AAPL) warns there is a "material doubt" about its ability to survive as it swings to a far larger than expected FQ2 net loss of ¥249.1B ($3.11B) from a net profit of ¥9.4B a year earlier, and as revenue falls to ¥645.5B. Books a special loss of ¥84.4B on restructuring costs and writes down deferred tax assets by ¥61B. Forecasts FY net loss of ¥450B vs previous prediction of ¥250B. (PR)