Japan's Toshiba logs 70pc profit dive, cuts forecasts

TOKYO : Japan 's Toshiba on Tuesday more than halved its net profit forecast for the year to March as it reported a 70

Published January 31, 2012 Updated January 31, 2012 07:07am

1 min

By Shoaib Ur Rehman

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Group net profit came to 12.1 billion yen ($158 million) in the April-December period, down 70.0 percent from the same period in 2010. It slashed its full-year net profit forecast to 65 billion yen from 140 billion yen.

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