Panasonic increased its net profit by 33%
Panasonic company reported for the third quarter of the next financial year, which the manufacturer ended December 31.
During the reporting period, Panasonic bailed out about 16.6 billion dollars, which is 3% lower than a year earlier. Operating profit increased by 5% and amounted to 863 million dollars. Increased and the net profit by 33% to 566 million dollars.
About a third of the revenues of 5.8 billion dollars — the company had sales of automotive and industrial products. About the same ($5.5 billion) was attributable to sales of home appliances. Only in the first case, the sale in annual terms decreased by 4%, and the second increased by 2%. The other main division of Panasonic showed a decline in sales in annual terms.