An Interest In:
Web News this Week
- April 24, 2024
- April 23, 2024
- April 22, 2024
- April 21, 2024
- April 20, 2024
- April 19, 2024
- April 18, 2024
February 1, 2013 07:48 am EST
Original Link: http://www.engadget.com/2013/02/01/panasonic-q4-2012-financials/
Panasonic remembers how to make money, reports $667 million profit last quarter
Just as Sharp offered a slightly more hopeful glimpse at its balance sheet this morning, so too does Panasonic have something worth celebrating: a quarterly net profit of 61.4 billion yen ($667 million) for the last three months of 2012. That's not huge for a company of this stature, of course, and it's also true that underlying sales slipped by 8 percent, with the move to profit mostly stemming from the weaker yen and previous cost-cutting exercises. Nevertheless, compared to the ego-crushing 197.6 billion yen loss it made a year earlier, no one in that big HQ above is likely to be complaining.
Filed under: Displays, Home Entertainment
Source: Yahoo (AP)
Original Link: http://www.engadget.com/2013/02/01/panasonic-q4-2012-financials/
Share this article:
Tweet
View Full Article
Engadget
Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WIMore About this Source Visit Engadget