Toshiba's operating profits more than double





        




                

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                  Reuters

                

            

            

        

Toshiba's half-year operating profits have more than doubled, but the increase was driven by strong sales at the memory chip business that it has agreed to sell.


Operating profits at the Japanese conglomerate rose to 231.8bn yen ($ 2bn; £ 1.55bn).


The chip unit accounts for about a quarter of Toshiba's revenues.


However, Toshiba agreed to sell the unit for $ 18bn in September to cover losses at its US nuclear business.


The memory chip business is being led to a consortium led by US private equity firm Bain Capital.


Toshiba filed for bankruptcy in March following the Losses made at the Westinghouse nuclear unit.


The industrial giant came close to having its shares in 19459009


Toshiba posted a $ 436m net loss for the half-year period.


Despite reporting a big increase in operating profits, Toshiba posted a $ 436m net loss for the half-year period after taking into account the taxes paid o n the sale of the memory chip unit.


    



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