You are here

Toshiba sinks to six-year low after it flags record 550b yen loss

Wednesday, December 23, 2015 - 05:50
toshiba.jpg
Toshiba Corp fell to the lowest in more than six years in Tokyo after forecasting a record 550 billion yen (S$6.4 billion) loss and announcing plans to cut more jobs as it restructures businesses.

Tokyo

TOSHIBA Corp fell to the lowest in more than six years in Tokyo after forecasting a record 550 billion yen (S$6.4 billion) loss and announcing plans to cut more jobs as it restructures businesses.

The shares fell as much as 11 per cent to 225.8 yen, dropping to their lowest