31 Jul '15, 2pm

Panasonic’s PV sales decline in Q1 on weaker domestic demand

Panasonic reported a small sales decline within its Eco Solutions business unit for the first quarter of its 2016 financial year. Image: Panasonic Eco Solutions reported first quarter sales of ¥370.2 billion, (US$2.9 billion) down 4% (¥384.4 billion) from the prior year period. The division reports an operating profit of ¥9.2 billion (US$7.4 million), down from ¥16.2 billion in the prior year period. Image: Panasonic Electronics firm Panasonic reported a small sales decline within its Eco Solutions business unit for the first quarter of its 2016 financial year. Eco Solutions reported first quarter sales of ¥370.2 billion, (US$2.9 billion) down 4% (¥384.4 billion) from the prior year period. The division reports an operating profit of ¥9.2 billion (US$7.4 million), down from ¥16.2 billion in the prior year period. The decline in sales were said to be due to a slower than ex...

Full article: http://www.pv-tech.org/news/panasonics_pv_sales_decline_i...

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Some Reported Sales Are Bogus via @namebio

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