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TOKYO (Reuters) - Sharp Corp on Friday reported a narrower annual loss for the year ended in March, as a cost-cutting drive by Taiwanese owner Foxconn started to show results.

The liquid crystal display manufacturer booked an annual net loss of 24.9 billion yen ($224.04 million), much less than the 255.97 billion loss the previous year.

The results beat expectations for a 28.4 billion yen loss forecast by an average of nine analysts surveyed by Thomson Reuters.

In the fourth quarter, net profit was 16.2 billion yen, marking the second consecutive profitable quarter after two years of losses. read more here

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