Stockholm - Mobile telephone maker Sony Ericsson on Friday posted a loss for first-quarter 2009 in line with a profit warning it issued last month and announced further job cuts.
The pre-tax loss excluding restructuring costs was 358 million euros (473 million dollars), the group said. The net loss was 293 million euros compared to a net profit of 133 million euros in first-quarter 2008.
Turnover declined 36 per cent year-on-year to 1.73 billion euros due to "continued weak consumer confidence and de-stocking in the retail and distribution channels," the group said.