TOKYO-Toshiba Corp. posted a net loss of $58 million for the third quarter compared with a loss of $718 million during the same time last year, although the company expects a net profit of $194 million for the year.
“The market environment is still severe, but we will be able to achieve initial profit goals in the telecommunications systems and industrial machinery business,” said Kiyoaki Shimagami, senior executive vice president.
