Toshiba to post H1 profit on chips, nuclear-Nikkei

21 October 2009 @ 07:46 pm EDT

Toshiba Corp will likely beat its own estimate to post a first-half operating profit of 1 to 2 billion yen ($11 million-$22 million), helped by cost cuts and solid earnings from its chip and nuclear power businesses, the Nikkei newspaper reported on Thursday.


Toshiba to post H1 profit on chips, nuclear-Nikkei
Toshiba Corp. President and CEO Atsutoshi Nishida speaks during a news conference at the Toshiba headquarters in Tokyo October 17, 2006. Toshiba said on Thursday it had launched a new company in the United States to enhance its nuclear power businesses.
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Toshiba, Japan's biggest semiconductor maker and the owner of nuclear power firm Westinghouse, has forecast an operating loss of 30 billion yen for April-September. It posted an operating loss of 23.5 billion yen in the first half last year.

(Reporting by Nathan Layne; Editing by Edwina Gibbs)

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