Panasonic reports big loss but forecasts profit
Friday, May 10, 2013 - 05:00
in Mathematics & Economics
Japanese consumer electronics giant Panasonic Corp. on Friday reported a near-record net loss of 754 billion yen ($7.5 billion) for the fiscal year through March due to restructuring costs and slumping sales, but predicted a return to the black this year as it prunes unprofitable businesses.