Hitachi has made a £57m loss for the first half of the year, on lower display sales and falling prices in servers and PCs.
The company saw group sales creep up around 2% to £23bn, but net profits slumped from £208m in the same period last year to this six-month loss.
Electronic device sales fell 16%, while hardware revenues fell as a result of the sale of Hitachi’s Printing Solutions business to Ricoh and lower prices in servers and PCs, said Hitachi.
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On the plus side, Hitachi was able to report higher sales in hard disk drives and disk array storage sub-systems.
For the full year, Hitachi said it expected to make a total £107m profit, which would be down over 60% from last year.