Panasonic posts US$1.17b FY net profit
Japanese electronics giant Panasonic on Monday booked its first annual
net profit in three years and reversed a huge loss suffered in the
previous 12 months as it presses on with a sweeping restructuring. In the period ended march, 31, the company reached 120 billion yen (US$1.17 billion) in net profit, after suffering a loss of 754.25 billion yen a year earlier, while
revenue ticked up to 7.74 trillion yen from 7.30 trillion yen.