Toshiba expects drop of 15.7% in annual profit, limited coronavirus impact

TOKYO (Reuters) - Toshiba Corp expects annual operating profit to drop 15.7%, it said on Friday, as a recent portfolio overhaul helps the industrial conglomerate limit the impact of the coronavirus outbreak.It forecast profit of 110 billion yen (800.01 million pounds)for the year through March 2021, down from 130.46 billion yen a year earlier.The outlook compared with the 136.71 billion yen average of 13 analyst estimates compiled by Refinitiv.