Toshiba anticipates 15.7% drop in annual profit, limited coronavirus impact - British Herald
November 28, 2022
Business

Toshiba anticipates 15.7% drop in annual profit, limited coronavirus impact

TOKYO (Business) – Toshiba expects a drop of 15.7% on its annual operating profit as a recent portfolio overhaul aids it to limit the coronavirus outbreak impact.

A profit forecast of 110 billion yen ($1 billion) for the year through March 2021 was given, down from 130.46 billion yen a year ago.

The outlook compared with the 136.71 billion yen average as given by 13 analysts’ estimates as Refinitiv compiles.

(Photo syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.

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