Toshiba posts quarterly net loss, cuts outlook

Tuesday 31 January 2012 | 10:42 CET | News
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Toshiba has halved its forecasts for full-year profits due to the weak economic conditions in Europe, stronger yen and supply-chain disruptions after the flooding in Thailand. The company said lower results will mainly be seen in Visual Products, which includes LCD TVs, and semiconductors. It now expects net profit for the year to March 2012 of JPY 65 billion, down from an estimate last May of JPY 140 billion and a reported JPY 137.8 billion the previous year. The forecast for operating profit falls to JPY 125 billion from JPY 240 billion, and sales are estimated at JPY 6.2 trillion, versus

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Categories: General
Companies: Toshiba
Countries: World
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