nuclear-news

Toshiba logs $436 mil. loss in 1st half

Struggling Toshiba logs $436 mil. loss in 1st half, Japan News, 8 Nov 17 After the announcement, Toshiba shares dropped 2.49 percent to ¥313 after spending most of the day hovering near the previous day’s close.

In its earnings statement, Toshiba also continued to warn the market about its “ability to continue as a going concern,” following the disastrous acquisition of U.S. nuclear energy firm Westinghouse, which racked up billions of dollars in losses before being placed in bankruptcy protection.

Those losses came to light as the group was still reeling from revelations that top executives had pressured underlings to cover up weak results for years after the 2008 global financial meltdown…..

After the announcement, Toshiba shares dropped 2.49 percent to ¥313 after spending most of the day hovering near the previous day’s close.

In its earnings statement, Toshiba also continued to warn the market about its “ability to continue as a going concern,” following the disastrous acquisition of U.S. nuclear energy firm Westinghouse, which racked up billions of dollars in losses before being placed in bankruptcy protection.

Those losses came to light as the group was still reeling from revelations that top executives had pressured underlings to cover up weak results for years after the 2008 global financial meltdown…..http://the-japan-news.com/news/article/0004057312

November 9, 2017 - Posted by Christina Macpherson | business and costs, Japan