04.02.2015: Japan-based electronics manufacturer Panasonic Corp. recorded a net profit of ¥65.5 billion ($557.4 million) for the third quarter of fiscal year 2014, which ended Dec. 31, 2014. This is down from a net result of ¥77.4 billion for the same period of the prior year. The group saw its quarterly net sales increase 1% year on year to ¥1,996.4 billion. For the first 9 months of fiscal 2014, sales were up 1% at ¥5,719.3 billion, while profit was up 10% at ¥290.3 billion. Panasonic’s Eco Solutions division, which produces PV modules, among other things, saw its net sales grow 2% year on year to reach ¥1,224.3 million and its net profit rise 7% to reach ¥75.7 million. The company said the increase in segment profit was due mainly to an increase in solar sales and streamlining initiatives. The company’s residential solar businesses in Japan has stabilized, with residential solar sales increasing year on year during the period. © PHOTON
Monty Bannerman
ArcStar Energy
+1-646-402-5076
www.arcstarenergy.com
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