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Sharp Books Special Loss of 11.7 B. Yen over Patent

Sharp Books Special Loss of 11.7 B. Yen over Patent

   Osaka, May 24 (Jiji Press)--Sharp Corp. <6753> said Tuesday that it booked an extraordinary loss of 11.7 billion yen for the fiscal year that ended in March to cover possible payment of compensation to LG Display Co.
   The move caused the Japanese electronics maker to reduce its group net profit from 85.7 billion yen to 73.9 billion yen for the year.

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