You are here

Toshiba to report Q1 operating loss of over 10b yen

toshiba1.jpg
Toshiba on Monday reported a first-quarter loss of US$102 million after sales fell to a two-and-half-year low, in a fresh blow to the Japanese conglomerate after a huge accounting scandal.

[TOKYO] Toshiba Corp is set to report an operating loss of more than 10 billion yen (S$117.1 million) in the April-June quarter hurt by weakness in the consumer electronics business, the Nikkei business daily reported.

Toshiba last reported a first-quarter loss three years ago, and posted a profit of 47.6 billion yen in the year-earlier quarter, the Nikkei said.

Toshiba, which disclosed earlier this year that it overstated past profits, is due to report its delayed April-June results on Monday.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom