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Companies

Toshiba's operating profit jumps sevenfold to $476m in 1st half

All units move into black but concerns remain about growth potential

Investors are expected to respond positively to Toshiba keeping its earnings forecast intact.

TOKYO -- Toshiba's operating profit for the half year through September increased about sevenfold from the year-earlier period to 52 billion yen ($476.4 million), the company said on Wednesday. It is Toshiba's highest operating profit for the six months in three years.

The company's infrastructure, energy and digital businesses moved into the black, helped by cost-cutting measures.

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