AFP, Tokyo :
Toshiba said Friday its half-year profit tripled, owing to cost cuts and the sale of its home appliances business, providing a boost to the firm as it tries to turn the page on an embarrassing accounting scandal.
The vast conglomerate posted an April-September net profit of 115.3 billion yen ($1.08 billion), well up from 37.3 billion yen seen a year ago.
It also logged a 96.8 billion yen operating profit, reversing a year-earlier loss, although it blamed a stronger Japanese currency and lower sales of televisions and personal computers for a 4.3 percent decline in revenue to 2.58 trillion yen.
A once-proud pillar of corporate Japan, Toshiba has been besieged by problems, most notably a profit-padding scandal in which bosses for years systematically pushed subordinates to cover up weak financial results.
Toshiba said Friday its half-year profit tripled, owing to cost cuts and the sale of its home appliances business, providing a boost to the firm as it tries to turn the page on an embarrassing accounting scandal.
The vast conglomerate posted an April-September net profit of 115.3 billion yen ($1.08 billion), well up from 37.3 billion yen seen a year ago.
It also logged a 96.8 billion yen operating profit, reversing a year-earlier loss, although it blamed a stronger Japanese currency and lower sales of televisions and personal computers for a 4.3 percent decline in revenue to 2.58 trillion yen.
A once-proud pillar of corporate Japan, Toshiba has been besieged by problems, most notably a profit-padding scandal in which bosses for years systematically pushed subordinates to cover up weak financial results.
