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Japan's Panasonic posts USD1 b profit in 12 months
(MENAFN) Japanese electronics giant Panasonic has posted a net profit in the previous 12 months, its first in three years, as it presses on with a sweeping restructuring, according to Arab News.
Panasonic's net profit in its fiscal year ended in March reached USD1.17 billion compared to USD7.373 billion net loss a year earlier.
The company's revenue boosted to USD75.6 brillion in the last fiscal year compared to USD71.3 billion.
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