You are here

Toshiba shares fall 10% on nuclear business loss reports

Tuesday, December 27, 2016 - 09:06

40505779 - 11_11_2016 - JAPAN-AUDIT_.jpg
Shares in Toshiba dived more than 10 per cent Tuesday on reports of a special loss on its US nuclear power operations.

[TOKYO] Shares in Toshiba dived more than 10 per cent Tuesday on reports of a special loss on its US nuclear power operations.

Toshiba shares traded 10.4 per cent lower at 397.10 yen in morning trading, paring an earlier loss of as much as 16.3 per cent.

Toshiba is expected to report a roughly 100 billion yen (S$1.23 billion) loss, the leading business daily Nikkei reported, while the public broadcaster NHK reported the figure could go up to 500 billion yen.

AFP

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom