4:43 am - Friday November 6, 2015

Toshiba logs $317.7 million net loss in FY 2014

29 Viewed Alka Anand Singh Comments Off on Toshiba logs $317.7 million net loss in FY 2014
rtr2jbu9toshiba-011211

Japan’s Toshiba Corporation logged 37.83 billion yen (about $317.7 million) group net loss for the past fiscal year through March due to asset impairment charges and other losses, local media reported on Monday.

The high-tech giant had planned to release earnings on August 31, however, a serious of accounting irregularities forced it to postpone the results twice, Xinhua news agency reported.

In fiscal 2013, it reported a net profit of 60.24 billion yen ($505.47 million).

Toshiba also saw operating profit down from the previous year, which decreased 33.7 percent to 170.4 billion yen, while sales up 2.6 percent to 6.66 trillion yen ($55.88 billion).

The company did not give an earnings outlook for the current business year through next March.

Click here to submit your review.


Submit your review
* Required Field

Don't miss the stories followIndiaVision News and Information and let's be smart!
Loading...
0/5 - 0
You need login to vote.
Filed in
373303-oil-reuters-edited

Crude oil slump hits Indian shores

online-shopping_625x300_71403517326

Law on E-Commerce Needed to Protect Online Consumers: IIM Study

Related posts