Arab Today, arab today toshiba net profit down 185 in first half
Last Updated : GMT 17:46:52
Arab Today, arab today
Arab Today, arab today

Toshiba net profit down 18.5% in first half

Arab Today, arab today

Arab Today, arab today Toshiba net profit down 18.5% in first half

Tokyo - AFP

Japanese technology giant Toshiba on Monday said its net profit dropped 18.5 percent in the six months to September, mainly due to a strong yen and the impact of the March 11 earthquake and tsunami. Toshiba\'s group net profit came to 22.7 billion yen ($287 million) for the first half, down from 27.8 billion yen for the same period last year. The company, whose operations range from consumer electronics to nuclear power plants, said operating profit declined 23.4 percent to 80.2 billion yen with sales down 5.5 percent at 2.9 trillion yen. The revenue and profit declines were mainly due to a slump in its digital products and electronics devices businesses, which were hit by \"the impact of sharp yen appreciation and the March earthquake,\" a company statement said. By sector, revenue from its digital products segment fell eight percent to 863 billion yen as sales of electronic devices slumped 11 percent to 813 billion yen. Revenue from social infrastructure businesses edged down one percent to 1.01 trillion yen, but sales of home appliances rose four percent to 307 billion yen. Toshiba has left its projection for the full year to March 2012 unchanged, still forecasting 140 billion yen in net profit and 300 billion yen in operating profit on sales of 7.0 trillion yen. For the three months to September, net profit was 22.2 billion yen, down 18.7 percent from a year earlier, on sales of 1.59 trillion yen, down 2.7 percent. Toshiba also attributed the quarterly profit slump to a strong yen. On Monday, Japan intervened in currency markets for the first time since August to weaken the yen, after the unit\'s latest post-war dollar high underlined its threat to the nation\'s export-led economy. The dollar rocketed to as high as 79.49 after hitting 75.32 yen in Oceanian trade earlier Monday. The intervention also saw the euro rise sharply to 111.25 yen from 107.06 yen earlier Monday.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today toshiba net profit down 185 in first half Arab Today, arab today toshiba net profit down 185 in first half

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today toshiba net profit down 185 in first half Arab Today, arab today toshiba net profit down 185 in first half

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday