Toshiba and Honda both slashed their profit outlook yesterday after a strong yen and global economic woes hammered their bottom lines. Chip-maker Toshiba said its quarterly operating profit fell by 72 per cent, as it cut its annual operating profit forecast by a third to $2.62bn (£1.66bn). Honda cut its outlook by a quarter to $2.6bn – its lowest in three years – but was more upbeat about a possible turnaround in the following financial year.
Toshiba and Honda slash outlooks
Wednesday 1st February 2012, 1:52am
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