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Toshiba reveals slight dip in financial fortunes

February 8, 2019

 

The OEM has released its consolidated financial results for the nine months ending 31 December 2018, demonstrating a slight fall in net sales and profits.

Toshiba reported its net sales for this financial period at ¥354.4 billion ($3.2 billion/€2.8 billion), a drop of 4.7 percent from 2017, when it reported net sales of ¥371.9 billion ($3.3 billion/€2.9 billion) for the same time frame.

Operating profit for these nine months concluding December 2018 was cited at ¥14.1 billion ($128.3 million/€113.1 million), compared to 2017’s ¥17.2 billion ($156.5 million/€138 million) while ordinary profit for 2018 was reported at ¥12.3 billion ($111.9 million/€98.7 million), compared to 2017’s ¥15.9 billion ($144.7 million/€127.6 million).

In its Consolidated Earnings Forecast for the fiscal year ending 31 March 2019, Toshiba predicts it will achieve net sales of ¥490 billion ($4.4 billion/€3.9 billion), operating profit of ¥19 billion ($172.9 million/€152.4 million) and ordinary profit of ¥16 billion ($145.6 million/€128.4 million).   

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