Quarter of 2012: Toshiba loss of U.S. $ 153 million although revenue up to U.S. $ 16 billion

Toshiba has announced financial results for first quarter 2012, although total sales reached 16 billion U.S. dollars, but they still suffer a net loss of up to U.S. $ 153 million. The most optimistic parameters for Toshiba is the array of infrastructure services (the power plant project, LED and radiation detection equipment) profit of U.S. $ 107 million, but it still not enough to cover the deficit in the array of consumer electronics. Cause is defined as losses due to high restructuring costs associated with the impact of financial crisis in Europe. Some other information: Sales of Landis + Gyr plant (acquired in 2011) reached U.S. $ 2.3 billion. Array of electronic sales, storage device NAND flash chips fell by 8% over the same period last year - reached U.S. $ 4 billion. Proceed to cut 30% of volume chip manufacturing NAND flash storage. The total cost of the first quarter of 2012 was U.S. $ 186 million. Toshiba is expected to reach total sales of U.S. $ 81 billion and U.S. $ 3.8 billion in profits this year (end March 2013). Source: Toshiba, Engadget, Reuters