For the year to March 31, Sony BMG reported sales and operating revenue of $3.93bn (?2.0bn), down from $4.1bn (?2.1bn) last year.
The company said that this was due to "the continued decline in the physical music market not being offset by the growth in digital product sales".
However, despite falling sales the major reported a 90% increase in income before taxes to $257m (?132.5m), largely due to a reduction in re-structuring costs following the group's merger, lower marketing costs ...
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