Toshiba, the world's second-biggest maker of NAND-type flash memory after Samsung, reported an operating profit of 21.18 billion yen ($178 million) for the April-June quarter, compared with 20.84 billion yen a year earlier.

Toshiba, whose chips earned half its profit last business year, booked a net profit of 20.6 billion yen for April-June, a five-fold increase from 4.04 billion yen a year earlier.

Shares of Toshiba rose 36.6 percent in April-June, beating the subindex, and have since climbed to a seven-year high on steady NAND prices.

By: DocMemory
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