Tuesday, May 8, 2012

Toshiba made $898.8 million dollar profit, could manage to lend you twenty bucks

Toshiba made $898.8 million dollar profit, could manage to lend you twenty bucks

Toshiba isn't going with the flow this financial season, bucking the trend and posting a healthy (albeit reduced) net profit of 73.7 billion yen ($898.8 million). Whilst down from $1.7 billion in 2010, the company points to the European debt crisis, Japanese Earthquake and high oil prices as the barriers to further success. Unlike its local rivals, Tosh branched out early into "social infrastructure," building everything from radiation detectors, power plants and LED light bulbs - businesses that made a stack of cash while its computer and TV businesses slumped.

Engadget, Toshiba made $898.8 million dollar profit, could manage to lend you twenty bucks

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