Panasonic's first quarter operating profit of $897 million 800 thousand, an increase of 19% over the same period last year


Panasonic's first quarter operating profit of $897 million 800 thousand, an increase of 19% over the same period last year

Sina Technology News Beijing time in the evening of July 31st news, Panasonic Corp today issued the end of June, the first quarter of 2018 fiscal year, the first quarter of the financial report, operating profit increased by 19%, beyond the analysts' expectations.

In the first quarter, Panasonic's operating profit was 99 billion 960 million yen (US $897 million 800 thousand), up from 83 billion 930 million yen in the same period last year.

Profit growth was mainly due to strong demand for factory automation equipment and offset the costs of Panasonic's battery plant.

Panasonic expects operating profit to reach 425 billion yen for the entire fiscal year to end March next year, below analysts'average forecast of 433.9 billion yuan. (Li Ming)


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