Business

Toshiba reports loss

Toshiba reports loss

By Agence France Presse

TOKYO: Toshiba on Monday reported a first-quarter loss of $102 million after sales fell to a two-and-half-year low, in a fresh blow to Japanese conglomerate after a huge accounting scandal. The firm posted a net loss of 12.27 billion yen in the three months to June. Sales fell 4.5 per cent from a year earlier to 1.35 trillion yen.