Panasonic Q1 net income up 18% y/y to USD518.6 million
Japanese supplier reaffirms fully-year 2018/19 financial outlook
Panasonic’s net income increased 18% year-over-year (y/y) to JPY57.4 billion (USD18.6 million) in the first quarter ended 30 June 2018, the Japanese supplier said in a press release on 31 July. The company also recorded 19% y/y growth in operating income to JPY100 billion and 25% increase in profit before income taxes to JPY102.2 billion.
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