Panasonic Reports $10.2 Billion Loss For 2012

Posted on May 11 2012 - 11:21am by Karan Chopra

Panasonic has just released its annual financial results today with a net loss of ¥812.8 billion (about $10.2 billion), which is an increase of more than ¥30 billion (about $375 million) from its revised forecast in February. The company only made 72 percent of the LCD sales and 59 percent of the plasma sales that it did in 2011. The company has yet like any other company blamed earthquake, flooding in Thailand and high yen as major factors affecting it.

About the Author

Karan is an internet enthusiast, who loves to explore every second thing in both technology and business.