Japanese videogame giant Nintendo on Wednesday said its net loss for the April-June quarter shrank by about a third, but said it still hoped to return to profit in the current fiscal year.
The firm posted a net loss of 17.23 billion yen ($220 million) for the three months through June, compared with a loss of 25.51 billion yen a year earlier.
The maker of the 3DS and Wii games consoles said its operating loss also shrank to 10.33 billion yen from 37.71 billion yen for the same period last year, but sales fell 9.7 percent to 84.8 billion yen.
Nintendo has left its annual forecast unchanged, saying it would return to profit in the current fiscal year to March 2013, with a profit of 20.0 billion yen on sales of 820.0 billion yen.
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