Toshiba H1 profit to beat company forecast -Nikkei
TOKYO (Reuters) - Toshiba Corp's operating profit for the April-September period is set to come to more than 100 billion yen ($1.2 billion), beating the company's forecast of 70 billion yen, the Nikkei business daily said on Wednesday.
Booming global sales of smartphones have boosted demand for the company's flash memory chips and small liquid-crystal display (LCD) panels, the paper said.
Toshiba made 2.6 billion yen in operating profit in the same period last year, the Nikkei said.
(Reporting by Isabel Reynolds; Editing by Edwina Gibbs)
- Tweet this
- Share this
- Digg this
The opposition Bharatiya Janata Party was set to make gains in Tamil Nadu and West Bengal that began voting on Thursday in the sixth phase of a mammoth general election that could help it build a stable majority in parliament. Read | Full Coverage: Election 2014
India may cede top rice exporter spot under Southeast Asian price onslaught. Full Article