Toshiba expects drop of 15.7% in annual profit, limited coronavirus impact

[TOKYO] Toshiba Corp expects annual operating profit to drop 15.7 per cent, it said on Friday, as a recent portfolio overhaul helps the industrial conglomerate limit the impact of the coronavirus outbreak.

It forecast profit of 110 billion yen (S$1.4 billion) for the year through March 2021, down from 130.46 billion yen a year earlier.

The outlook compared with the 136.71 billion yen average of 13 analyst estimates compiled by Refinitiv. 

REUTERS

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Sign UpVIEW ALL