Panasonic’s Q1 profit surges 42% | World Business Watch
Edited By WION Video Desk
Published: Aug 01, 2023, 06:15 IST | Updated: Aug 01, 2023, 06:15 IST
Panasonic reported a 42% surge in first-quarter operating profit, buoyed by a weaker Yen and stronger sales in its automotive and energy segments. Panasonic’s operating profit came to $637 million in the three months to end-June, almost exactly in line with analyst forecasts. Overall, first-quarter operating profit of the battery unit came to $206 million, jumping more than 80% from the same period the previous year.
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