TOKYO, May 11 Reuters Sharp Corp, the Japanese electronics maker owned by Taiwan39;s Foxconn, posted on Thursday a fullyear loss of 1.9 billion after writing down the value of its panel display business and a swathe of other assets.

The supplier of sensors and screens for Apple Inc39;s iPhone reported a group net loss of 261 billion yen 1.9 billion in the year that ended in March, from a profit of 74 billion yen a year earlier.

The company said it would not pay a dividend.

Despite slightly higher sales, Sharp said it took a hit of 220 billion yen as it wrote down the value of building and machinery in both its LCD and OLED display businesses in Japan, as well software, machinery and buildings in China, Europe, Japan and the United States.

The writedown reflected decreased profitability, it said.

1135.0500 yen

Reporting by David Dolan; Editing by Clarence Fernandez

Source Reuters