Japanese electronics giant Panasonic said Tuesday its annual net profit soared 49 percent, crediting strong results at its lesser-known auto parts unit and lower costs linked to a sweeping restructuring.
The Osaka-based firm's earnings for the fiscal year to March came to 179.49 billion yen ($1.5 billion), while revenue edged down 0.3 percent to 7.7 trillion yen.
For the current fiscal year, which started this month, Panasonic said it expects a 180 billion yen net profit on revenue of 8.0 trillion yen.
GMT 17:25 2017 Saturday ,29 AprilTurkey dismisses almost 4,000 public officials in new purge wave
GMT 17:24 2017 Saturday ,29 AprilMerkel says 'no one is allied' against Britain
GMT 16:00 2017 Saturday ,29 AprilEU needs 'serious British response' on citizens rights after Brexit
GMT 15:54 2017 Saturday ,29 AprilMerkel: 'no one is allied' against Britain
GMT 11:46 2017 Saturday ,29 AprilEU leaders 'unanimously' adopt Brexit guidelines
GMT 10:25 2017 Saturday ,29 AprilFrance's Hollande says Britain must pay price for Brexit
GMT 10:09 2017 Saturday ,29 April24 dead in Kyrgyz landslide: emergencies ministry
GMT 10:07 2017 Saturday ,29 AprilFrench candidate Le Pen announces eurosceptic PM pick, if elected