Toshiba reports $102m quarterly net loss

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Toshiba has reported a first-quarter loss of $102 million after sales fell to a two-and-half-year low, in a fresh blow to the Japanese conglomerate after a huge accounting scandal.
A 140-year-old firm, which sells everything from vacuum cleaners to nuclear reactors, posted a net loss of 12.27 billion yen in the three months to June. Sales fell 4.5 percent from a year earlier to 1.35 trillion yen, the lowest since the quarter ended December 2012, due to a poor performance in television and personal computer businesses.
Toshiba said in a stock exchange filing its electric and nuclear generation businesses also saw a weak three months.
Last week, Toshiba said it would book a 37.8 billion yen annual loss to March 2015 to account for a billion-dollar profit-padding scandal that hammered the reputation of one of Japan’s best-known firms.

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