Toshiba reports long-delayed earnings, posts $8.8 bn loss
Toshiba reports long-delayed earnings, posts $8.8 bn loss
Tokyo - Al Maghrib Today
Toshiba on Thursday met a deadline to report its long-delayed financial results, saying it lost around $8.8 billion in its last fiscal year over its hard-hit US nuclear unit Westinghouse Electric.
The move by one of Japan's best-known firms greatly reduces the chance its shares will be yanked from the Tokyo Stock Exchange.
Source: AFP
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