Panasonic quarterly net profit soars more than 50%

GMT 07:55 2015 Wednesday ,29 July

Arab Today, arab today Panasonic quarterly net profit soars more than 50%

Panasonic
Tokyo - Arab Today

Japanese electronics giant Panasonic said Wednesday that its net profit soared 57 percent from a year ago, mainly thanks to a tax accounting change.

The Osaka-based firm's earnings for the three months to June surged to 59.52 billion yen ($482 million), while operating profit edged down seven percent to 76.56 billion yen.

Sales were almost flat at 1.86 trillion yen.

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