Panasonic published the report for the quarter ended June 30, 2017
Japanese company Panasonic has released a report for the first quarter of 2018 fiscal year ending at 30 June.
During the reporting period were obtained an income of 1.86 trillion yen. This was 5% more than in the same period of the previous fiscal year. The income received in the Japanese market for the year increased by 2%, and foreign income — 7%.
Operating profit for the year increased by 17% from 71,8 to 83.9 billion yen. Net profit before taxes also increased, but slightly less, with up to 82,0 74,6 billion yen, or 10%. But net profit after tax for the year grew 53%, from 34.2 to 52.2 billion yen.
Among the major events of the quarter, the report authors mention the commissioning of a factory to produce batteries for electric vehicles, located in China. Overall financial growth, mainly due to the success of the company in activities related to cars.