Tag Archives: Toshiba

Toshiba net profit up 26% in fiscal 2018


MNA Business Desk: In the year that ended March, Japanese engineering firm Toshiba’s net profit jumped 26.0 percent to 1.01 trillion yen ($9 billion), chiefly because of profit from completion of the sale of the Memory business. Toshiba “achieved a healthier financial condition by closing the sale of the Memory business, advancing structural reforms that included finalising the sale of the PC business and decided to withdraw from a nuclear power construction project in the UK,” said the company, AFP reports. But the firm said its operating profit dropped 58.9 percent to 35.4 billion yen, partly due to restructuring costs, ...

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