Toshiba back in the black

The Myanmar Times - - Business -

Toshiba swung to a profit in the April-June quar­ter, thanks to cost cuts and the sale of its home ap­pli­ance busi­ness. The vast con­glom­er­ate, which is try­ing to turn the page on an em­bar­rass­ing ac­count­ing scan­dal, said it booked a net profit of 79.8 bil­lion yen (US$780 mil­lion) in the quar­ter, rev­ers­ing a 12.3 bil­lion yen net loss a year ago.

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