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Market NewsPanasonic's net profit rose nearly 1.7 times in the first half of the fiscal year, a record high benefit battery business received US subsidies.
Market NewsPanasonic's net profit rose nearly 1.7 times in the first half of the fiscal year, a record high benefit battery business received US subsidies.Panasonic's net profit rose nearly 1.7 times in the first half of the fiscal year, a record high benefit battery business received US subsidies.
阿思達克 10-30 15:45
Japanese consumer electronics giant Panasonic reported that net sales rose 1.4 per cent year-on-year to 4.12 trillion yen ($94.49 billion) and operating profit rose 28.8 per cent to 192.835 billion yen ($1.29 billion) in the first half of September. Thanks to huge subsidies for its electric car battery business in the US ($185 million in the second quarter), net profit rose 1.69 times to 288.379 billion yen (about $1.93 billion) in the first half of the fiscal year.
Panasonic shares US government subsidies with Tesla, who runs a superbattery factory in Nevada. Panasonic expects subsidies to stimulate full-year net profit of 110 billion yen ($736 million), which is expected to rise to a record high of 73.3% to 460 billion yen ($3.078 billion) by the end of March next year.
However, Panasonic cut its sales and operating profit forecast and expected full-year operating profit to rise 38.6 per cent year-on-year to 400 billion yen, down from the 49 per cent increase forecast in August, partly due to sluggish Chinese demand for consumer electronics and industrial automation products.
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