Toshiba logs $317.7 million net loss in FY 2014

  • Japan's Toshiba Corporation logged 37.83 billion yen (about $317.7 million) group net loss for the past fiscal year through March due to asset impairment charges and other losses.

    The high-tech giant had planned to release earnings on August 31, however, a series of accounting irregularities forced it to postpone the results twice.

    In fiscal 2013, it reported a net profit of 60.24 billion yen ($505.47 million). (Source: IANS)