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Toshiba, growing profits but delays in nuclear power

The Japanese company expects to double its net profits in the next three years, but there are problems on the atom front. After Fukushima, deliveries of reactors could be postponed.

Toshiba, growing profits but delays in nuclear power

Toshiba flies high and expects great growth in the coming years. The Japanese electronics company today announced forecasts for the end of fiscal 2014: net profits should even double, from the current 240.3 billion yen to 500 billion (about 6,1 billion dollars).

The Japanese company has also said it wants to increase its nuclear business. On this front, investments will amount to 1.450 billion yen over the next three years. However, there may be delays in the delivery of the 39 nuclear reactors that the company has in production. The current deadline is set for March 2016. Times could stretch because, after the Fukushima disaster, various governments are tightening up the rules on nuclear matters.

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