Toshiba reported a 28% drop in its second quarter profit, partly because of one-time expenses for property value calculations that offset solid sales in computers and chips. Toshiba earned 25.03 billion yen (approx. US$219.2 million) for the July-September quarter. Quarterly sales rose 18% to 2.025 trillion yen ($17.73 billion).
Toshiba Corp. said sales rose in televisions, but falling TV prices hurt profit. Price erosion also hurt its business in computer chips, called memories and system LSIs, used in digital cameras, portable players, and other electronic devices.
Personal computer sales contributed to profit, as did the addition of U.S.-based nuclear power company Westinghouse into the Toshiba group, which increased overseas sales of power plants and equipment. (AP)
to Daily News