TV sales power Matsushita to higher profits

Matsushita Electric Industrial, the maker of the Panasonic brand, said it earned 61.6 billion yen (US$589.47 million) from 23.4 billion yen ($224 million) during the same period in the previous year.

Quarterly sales dipped 4% to 2.199 trillion yen ($21.04 billion) from 2.282 trillion ($21.9 billion) a year earlier, the company said.

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