(Bloomberg) -- Toshiba Corp. is set to post a seven-fold increase from a year earlier in Apr.-Sept operating profit, the Nikkei reported Sunday, without saying where it got the information.
Despite the 50 billion yen ($458 million) in operating profit in the six-month period, the company will report a net loss because of the weak performance of a chip-making subsidiary and deficits in its LNG business, the newspaper said.
Toshiba is due to release half-year results on Nov. 13.
To contact the reporter on this story: Isabel Reynolds in Tokyo at ireynolds1@bloomberg.net
To contact the editors responsible for this story: Brendan Scott at bscott66@bloomberg.net, Stanley James, David Watkins
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