Tokyo  - Sharp Corp on Wednesday enlarged its expected losses for the fiscal year that ended March 31 in its third downward earnings revision.

The Japanese electronics company said it expected its net loss to expand to 130 billion yen (1.3 billion dollars) from a February forecast of 100 billion yen and its operating loss to worsen to 60 billion yen from 30 billion yen.

Sharp was to suffer its first annual operating loss since 1977 as demand for digital products dwindled amid harsh price competition and the global economic downturn, it said.

The firm reported a net profit of 101.92 billion yen and operating profit of 183.69 billion yen the year before. (dpa)