Panasonic's Q1 profit soars 27 times on robust demand for car batteries, appliances

Panasonic's Q1 profit soars 27 times on robust demand for car batteries, appliances

4 years ago
Anonymous $drS9DEX_Sj

https://www.reuters.com/article/us-panasonic-results/panasonics-q1-profit-soars-27-times-on-robust-demand-for-car-batteries-appliances-idUSKBN2EZ0PI

TOKYO (Reuters) -Panasonic Corp said first-quarter operating profit surged more than 27 times, handily beating expectations as demand for home appliances and automotive batteries recovered from a particularly weak COVID-hit year.