TV sales power Matsushita to higher profits
Japanese electronics maker Matsushita's profit more than doubled in the January-March quarter, buoyed by strong sales of cell phones, flat-panel TVs and DVD players, the company said Monday, 28 April 2008.
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.