[New post] Toshiba likely to post net loss for last fiscal year: Nikkei

sskarthik posted: "Toshiba Corp is expected to report a net loss for the last fiscal year and also revise down its fiscal 2011/12 earnings to a loss following an investigation into its accounting practices, the Nikkei business daily reported. The loss for the fiscal year to" Respond to this post by replying above this line New post on SKarthik.info Toshiba likely to post net loss for last fiscal year: Nikkei by sskarthik Toshiba Corp is expected to report a net loss for the last fiscal year and also revise down its fiscal 2011/12 earnings to a loss following an investigation into its accounting practices, the Nikkei business daily reported. The loss for the fiscal year to March 2015 will come as Toshiba takes 100 billion yen ($804 million) in impairment charges to reflect weakness in its Westinghouse nuclear business as well as its semiconductor and appliances units, the Nikkei said, citing unidentified company sources. The Japanese industrial conglomerate had originally projected a profit of 120 billion yen for the last fiscal year, but it withdrew this forecast in May and delayed its earnings announcement pending the investigation. Read more... sskarthik | August 18, 2015 at 10:19 am | Categories: Computers and Internet | URL: http://wp.me/p1eKZE-3fJR Comment    See all comments Unsubscribe to no longer receive posts from SKarthik.info. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://sskarthik.wordpress.com/2015/08/18/toshiba-likely-to-post-net-loss-for-last-fiscal-year-nikkei-4/ Thanks for flying with WordPress.com