12-02-2017 02:48 via uk.news.yahoo.com

Nuclear write-down leaves Toshiba with $3.5-billion loss in third-quarter: Nikkei

Japanese conglomerate Toshiba Corp probably suffered a group net loss of about 400 billion yen ($3.52 billion) in the nine months through December, the Nikkei reported on Sunday. The loss is largely due to a goodwill impairment of around 600 billion yen on a U.S. nuclear unit that came to light in late 2016. During the year-earlier period, Toshiba lost a similarly significant 479.4 billion yen.
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