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More on Panasonic (PC) FQ1: net profit strengthened by cost cuts as company undergoes a massive...

More on Panasonic (PC) FQ1: net profit strengthened by cost cuts as company undergoes a massive revamp. Maintains FY forecast for net profit of ¥50B, op profit of ¥260B and sales of ¥8.1T. "Their outlook doesn't suggest a solid turnaround is under way. It continues to be tough for them," said asset manager Makoto Kikuchi prior to the results.
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