Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, April 12, 2017

Toshiba Projects $9.2B Loss for Fiscal Year 2016

Toshiba Projects $9.2B Loss For Fiscal Year 2016
Japanese conglomerate Toshiba, owner of U.S.-based nuclear power giant Westinghouse Electric Company, released their twice-delayed financial report for the third fiscal quarter of 2016 on Tuesday, projecting losses of $9.2 billion for the year. The figures, which were not signed off on by the company's auditor, is based on a $4.8 billion loss for the first nine months of the year, plus skyrocketing losses at Westinghouse due to that company's Chapter 11 bankruptcy protection filing, Toshiba said. Read more and comment http://nuclearstreet.com/nuclear_power_industry_news/b/nuclear_power_news/archive/2017/04/12/toshiba-projects-_2400_9.2b-loss-for-fiscal-year-2016-041201#.WO5X-o61tSx

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