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Tuesday, 08 May 2012 09:54

Toshiba grows its profits

Written by Nick Farrell



Earns better than expected


Despite continuing weakness in its television division and a global slow down Toshiba forecast an annual operating profit of $3.75 billion. This figure is above the $3.6 billion that Wall Street Analysts predicted.

The company's operating profit is down 14 percent from the previous year, thanks to weak domestic TV sales and a global economic slowdown, things could have been a lot worse. As it was expected the LCD TV sector posted a big loss but then again the same thing happened to Sony, Panasonic and Sharp.

In the fourth quarter Toshiba operating profit rose by 18 percent which was better than expected.

Nick Farrell

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