Toshiba posts Q1 net loss of 610 mn dollars

TOKYO: Japanese high-tech giant Toshiba announced Wednesday a net loss of 57.8 bn yen (610 mn dollars) for the fiscal first quarter to June amid weak sales of televisions and other electronics.

The loss swelled from a figure of 11.6 bn yen in the same period of the previous year, a company statement said.

The group, which owns US nuclear plant maker Westinghouse, maintained its forecast to end the full financial year to March 50 billion yen in the red, after a record net loss of 343.6 billion yen last year.