Toshiba reported a huge quarterly loss
After several transfers, Toshiba has finally published its latest quarterly report. For a manufacturer 31 December ended the third quarter of 2016 financial year.
During the reporting period, revenue totaled $ 10.9 billion, which is quite a bit less than a year earlier. Operating loss was 5.8 billion and a net loss of 5.6 billion dollars. In the first case, this is 1.2 billion more than the year before, and the second loss for the year increased by almost five times.
The main losses occurred in the division of Energy System & Solutions. In comparison with the last year operating loss of this division increased by 5.8 billion dollars, reaching 6.6 billion for all other divisions showed growth in revenue and was profitable (with the exception of unit Elimination). But their combined operating profit was not comparable with the major losses of Energy System & Solutions.