TOKYO -- Japanese electronics giant Panasonic reported a boost in yearly net profits on Thursday but offered a pessimistic forecast for the year ahead thanks to slower sales of industrial systems and reform costs. The firm said annual net profit was up 20.4 percent on-year at 284.1 billion yen, with asset sales and a revision of its pension scheme compensating for falling profits in key segments. https://twitter.com/panasonic/status/1126387129716625408 But it forecast a 29.6-percent fall in net profit to 200 billion yen ($1.8 billion) for the year to March 2020. Increased materials cost and restructuring expenses were already seen weighing on...
Keep on reading: Panasonic net profit up, but firm forecasts falls
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