Sales Slow at Toshiba Tec, but Profits Up

Toshiba Tec of Japan yesterday reported results for its first quarter, which consisted of the three months ending on June 30, 2019.

Net sales were up 1.9 percent, operating profit was down 4.0 percent, but profits were up 161.2 percent to 4,202 million yen, with all versus the first quarter a year earlier. Earnings per share were 76.46 yen, versus 29.27 yen versus the first quarter a year earlier.

Toshiba Tec’s earnings announcement can be found here.

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