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02 Feb
15:33

Panasonic’s energy unit reports boost in operating profits

Panasonic Holdings’ energy unit said Friday its operating profit for the quarter ended on 31 December 2023 skyrocketed, supported by increased sales in North America. Kallanish learns that the business responsible for battery production reported an operating profit of JPY 30.2 billion ($203.4 million) in Q3 FY24, versus JPY 200 million a year earlier. The result is also 27% higher quarter-on-quarter. Sales for the period, however, shrunk 5.45% year-on-year t…
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