Toshiba troubles continue as sales drop to 18-month lowSeptember 15, 2015 - 10:42 AMT PanARMENIAN.Net - Japan's troubled Toshiba has posted a first-quarter net loss for the three months to June as sales fell to their lowest point in two and a half years, BBC News reports. The firm said in a statement that its net losses for the quarterly period were 12.3 billion yen ($102m). It noted poor performances in its televisions, home appliances and personal computer businesses. Last week, the Tokyo-based firm released a full-year net loss of $318m for the year to March 2015. The full-year numbers had been delayed amid a recent accounting scandal. In its first quarter results statement released on Monday, September 14, Toshiba said Japan's domestic economy had not shown signs of acceleration because of sluggish performance by smaller businesses that depended on domestic demand. It also said Japan as a whole was experiencing a decrease in consumer spending due to a decline in real incomes and exports. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Armenian, Azerbaijani heads of parliament meet in Switzerland President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Border residents overnight on highway to protest Armenia’s Residents of Kirants continue to express outrage over the government’s decision to cede land to Azerbaijan. Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. |