Toshiba warns over survival as it reports delayed results
Toshiba warned its survival was at risk as the troubled Japanese industrial giant reported
Tokyo - AFP
Toshiba on Tuesday warned its survival was at risk as the troubled Japanese industrial giant reported a loss of $4.8 billion in long-overdue financial results.
"There are events and circumstances that may bring about significant questions about the idea of (carrying on) as a going concern," it said in a Japanese language statement released with unaudited financial results, which showed it lost 532.5 billion yen in April-December. The firm unveiled the figures to meet a deadline set by market regulators after two previous delays.
Source : AFP
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