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 Post subject: Toshiba announces record $3.5 billion net loss
PostPosted: Mon May 11, 2009 9:24 am 

Joined: Thu Mar 19, 2009 5:04 pm
Posts: 102
Toshiba posted a net loss of $3.5 billion for the fiscal year of 2008 ended in March. It is the biggest one in its history and the first yearly loss in seven years, according to the Associated Press.

Its annual sales slid 13 percent to $67.2 billion. As of the January-March quarter, its sales were $185.7 billion for a $1.9 billion net loss.

Toshiba blamed the loss on the "fast-spreading global recession," dropping semiconductor prices and rising Japanese yen.

Toshiba planned to raise up to $5.0 billion in capital to shore up its finances, according to Reuters.


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 Post subject: Re: Toshiba announces record $3.5 billion net loss
PostPosted: Wed May 15, 2019 6:02 pm 

Joined: Wed Nov 22, 2017 6:55 pm
Posts: 157
great


Last edited by aamir786 on Thu May 16, 2019 7:39 pm, edited 1 time in total.

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 Post subject: Re: Toshiba announces record $3.5 billion net loss
PostPosted: Thu May 16, 2019 2:49 am 

Joined: Thu May 16, 2019 2:35 am
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