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Panasonic forecasts rebound in operating profit
2012年5月11日 / 早上6点18分 / 6 年前

Panasonic forecasts rebound in operating profit

TOKYO, May 11 (Reuters) - Panasonic Corp on Friday forecast a rebound in operating profit in the current financial year as cost cutting bolstered profitability and trimmed losses in its TV unit.

The company, which posted a record net loss of 772.2 billion yen ($9.7 billion) for the previous business year, forecast operating profit to rise to 260 billion yen compared with a consensus estimate of a 241.5 billion yen profit from 20 analysts surveyed by Thomson Reuters I/B/E/S.

With investors concerned about further losses in its TV unit Panasonic’s shares have fallen 12.8 percent since the start of the year, compared with a 5.9 percent rise in the benchmark Nikkei 225 index.

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