Toshiba 6-Month Operating Profit to Soar Seven-fold, Nikkei Says

(Bloomberg) -- Toshiba Corp. is set to post a seven-fold increase from a year earlier in Apr.-Sept operating profit, the Nikkei reported Sunday, without saying where it got the information.

Despite the 50 billion yen ($458 million) in operating profit in the six-month period, the company will report a net loss because of the weak performance of a chip-making subsidiary and deficits in its LNG business, the newspaper said.

Toshiba is due to release half-year results on Nov. 13.

©2019 Bloomberg L.P.