Panasonic Q1 profit rises 42%, in line with market expectations

2023-07-31 - Scroll down for original article

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TOKYO, July 31 (Reuters) - Japan's Panasonic Holdings (6752.T) on Monday posted a 42% rise in first-quarter profit to 90.37 billion yen ($636 million), largely matching analysts' estimates. Operating profit for the three months to end-June compared with an average estimate of 91.18 billion yen in a poll of 11 analysts by Refinitiv and a 63.7 billion yen operating profit in the same period a year earlier. ($1 = 142.0400 yen) Reporting by Daniel Leussink; editing by David Dolan Our Standards: The Thomson Reuters Trust Principles.