Featured Articles

LG G Watch R ships in two weeks

LG G Watch R ships in two weeks

The LG G Watch R, the first Android Wear watch with a truly round face, is coming soon and judging by…

More...
LG unveils NUCLUN big.LITTLE SoC

LG unveils NUCLUN big.LITTLE SoC

LG has officially announced its first smartphone SoC, the NUCLUN, formerly known as the Odin.

More...
Microsoft moves 2.4 million Xbox Ones

Microsoft moves 2.4 million Xbox Ones

Microsoft has announced that it move 2.4 million consoles in fiscal year 2015 Q1. The announcement came with the latest financial…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 09 May 2011 12:34

Toshiba gets back to black

Written by Nick Farell


But doom is forecast
Toshiba has said it has returned to profit for the year to March, but has warned that it could slide back into the red thanks to the earthquake and tsunami.

Toshiba reported a net profit of $1.7 billion dollars for the financial year, reversing a bottom line loss last year. The company's operating profit nearly doubled up 1.7 percent from the previous year, it said.

Profits and sales gains were mainly due to strong demand for television sets and its memory chips, which are used in smartphones and tablet computers. But it said "the outlook still remains uncertain" due to the impact of the disasters that paralysed the economy in northeastern Japan and crippled a nuclear power plant in Fukushima.

Toshiba was forced to close a chip-making factory in Iwate Prefecture in Japan's quake-hit northeast.  It has since cranked up production slowly. Supply chains have been broken and power shortages have hit production across key industries, with the impact of the disasters threatening to throw Japan's export-driven economy into a temporary recession, analysts say.

Nick Farell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments