2/14, 5:51 AM (Source: TeleTrader)
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Toshiba posts profit of ¥10.47B in third quarter

Japanese conglomerate Toshiba Corporation reported a quarterly operating profit of ¥10.47 billion in its third-quarter earnings released on Friday. The company posted an operating income of ¥1.23 billion in the same quarter of last year.

Net sales landed at ¥747.2 billion, down from the ¥869.2 billion recorded in the same quarter a year earlier. Meanwhile, the company said it had a net loss of ¥480 million for the period ending December 31.

In January, Toshiba said it is unable to confirm some 20 billion yen in sales due to "suspicious transactions," which it said it would remove from net sales in its third-quarter earnings report.

Breaking the News / JC