Toshiba posts 27.8 billion yen net profit for first half
Japanese electronics giant Toshiba on Tuesday posted 27.8 billion yen ($343 million) net profit for the six months to September, returning from a loss of 57.7 billion yen a year earlier.
For the July-September period the company, whose business stretches from lightbulbs to semiconductors and nuclear power plants, saw net income of 27.3 billion yen, up 27.2 billion yen from the same time a year ago.
First half operating profit soared to 104.8 billion yen from just 2.1 billion the same period last year on strong sales of semiconductors and liquid crystal displays, it said in a statement.
Sales increased 6.4 per cent to 3.08 trillion yen from 2.90 trillion a year earlier.
For the full year to March, it kept its previous forecast of a 70 billion yen net profit and 250 billion yen operating profit on sales of 7 trillion yen.
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