Live
- Pitroda remarks against Indian ethos: Dinakar
- Markapuram district possible only if NDA comes to power: Kandula
- INDIA bloc’s Eda Sudhakar Reddy files papers
- NRIs deny they held secret meeting
- Changed political equations favour TDP in Nellore City
- Modi errs, jittery EC sends notice to Nadda
- New Delhi: LG postpones MCD mayoral polls
- MyVoice: Views of our readers 26th April 2024
- Measuring scavenging value of vultures
- Celebrating 107 Years of Osmania University: A Legacy of Academic Excellence
Toshiba logs $317.7 million net loss in FY 2014
Highlights
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.
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.
Next Story
ADVERTISEMENT
