Troubled Japanese conglomerate Toshiba said Thursday it logged a net loss of $436 million for the fiscal first half, as it moves to complete a multi-billion-dollar sale of its chip business to restore its balance sheet.
The Tokyo-based firm said the loss was mainly due to the tax impact associated with the deal to sell the chip unit to a consortium led by Bain Capital.
Source:AFP
GMT 14:24 2017 Wednesday ,20 September
Toshiba says sells chip unit to Bain Capital for around $18 bnGMT 03:42 2017 Thursday ,10 August
Toshiba reports long-delayed earnings, posts $8.8 bn lossMaintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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