Toshiba posts first quarterly operating loss in nearly 4 years

FILE PHOTO: The logo of Toshiba Corp is seen as window cleaners work on the company's headquarters in Tokyo, Japan, February 14, 2017. REUTERS/Toru Hanai/File Photo

TOKYO: Japanese industrial conglomerate Toshiba Corp reported on Wednesday its first quarterly operating loss in nearly four years as the Covid-19 coronavirus pandemic hit demand for its electronic devices, copiers and chip-making equipment.

The company posted an operating loss of 12.6 billion yen ($118 million) for the April-June quarter, versus a year-before profit of 7.83 billion yen.