Panasonic’s FY 2018/19 net income up 20% y/y to USD2.56 billion on stable sales
Japanese supplier expects decline in sales and earnings in FY 2019-20
Panasonic’s net income increased 20% year-on-year (y/y) to JPY284.1 billion (USD2.56 billion) in the financial year ending 31 March, the Japan-based company said on 9 May. Net sales improved slightly by 0.2% y/y to JPY8 trillion, while operating profit was up 8% y/y to JPY411.5 billion and operating profit margin of 5.1% compared with 4.8% a year earlier.
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