Struggling Japanese conglomerate Toshiba said Tuesday it had bounced back into the black after a disastrous year and will avoid a humiliating delisting from the Tokyo stock exchange. The firm said it had booked a record net profit of 804.0 billion yen ($7.3 billion), compared with a loss
Struggling Japanese conglomerate Toshiba said Tuesday it had bounced back into the black after a disastrous year and will avoid a humiliating delisting from the Tokyo stock exchange.
The firm said it had booked a record net profit of 804.0 billion yen ($7.3 billion), compared with a loss of 965.7 billion yen a year earlier.
The bottom line was helped by one-off revenue from tax cuts linked to its sale of its nuclear units.
However, operating profits dropped 21.9 percent to 64.1 billion yen while sales declined 2.
