Pana­sonic prof­its surge on auto sec­tor

Muscat Daily - - BUSINESS -

Pana­sonic on Mon­day re­ported quar­terly gains in prof­its and sales thanks to a strong per­for­mance in its auto-re­lated sec­tor, con­firm­ing the Ja­panese elec­tron­ics main­stay is on course for re­cov­ery.

Pana­sonic, which suf­fered profit and sales falls in the pre­vi­ous fis­cal year that ended in March, said net profit surged 67.1 per cent to 48.8bn yen for the April-June pe­riod.

Quar­terly sales rose 5.1 per cent to 1.87tn yen, while op­er­at­ing profit jumped 16.9 per cent to 83.9bn yen for the three months.

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