X

Panasonic who has been under pressure in the TV market in Australia and who recently slashed staff numbers is set to post a net loss $3.95 billion in the year to March 2012.The Company was tipping a profit for the year the Nikkei said. Ballooning costs from restructuring its television and semiconductor operations are also weighing on the company.

Panasonic reports its July-September earnings on Monday. The consensus analysts’ forecast is for an operating profit of 50 billion yen for the quarter and a full-year profit of 225 billion yen, the latter falling short of the company’s predicted 270 billion yen.

The Nikkei said full-year operating profit will likely come in below 200 billion yen, citing as other negative factors a sales slump for audio and video equipment in Europe and the United States and suspension of several factory operations in Thailand due to floods.

Panasonic President Fumio Ohtsubo is set to give a briefing on the company’s growth strategy on Monday night, at which he is expected to announce details of a broad restructuring aimed at cutting costs and stripping out overlapping businesses following the buyout of subsidiary Sanyo.

728x90 yoga pro 7i $3.9B Loss Tipped For Panasonic
BlueAnt 4SQM PumpAirUltra 728x90px $3.9B Loss Tipped For Panasonic
Whatmough 728x90 $3.9B Loss Tipped For Panasonic
ARLO MG3 2024 Banner 728x90px $3.9B Loss Tipped For Panasonic
728x90 Iconic $3.9B Loss Tipped For Panasonic
240215 SAV R Volution CNewsFeb Leaderboard 1 $3.9B Loss Tipped For Panasonic
FA 979 HN MDF SG14 14gen 728x90 1 $3.9B Loss Tipped For Panasonic
Leaderboard 728x90 1 $3.9B Loss Tipped For Panasonic
PAN2664 ChannelNews Banner CM3 728x90px V1 $3.9B Loss Tipped For Panasonic
728x90 $3.9B Loss Tipped For Panasonic
728X90 $3.9B Loss Tipped For Panasonic
728x90 $3.9B Loss Tipped For Panasonic
Belkin Screen Protection 728 x 90 $3.9B Loss Tipped For Panasonic
Litheaudio 728x90 $3.9B Loss Tipped For Panasonic
05 Channel New Banner T30S COMBO 728x90 $3.9B Loss Tipped For Panasonic
iP16 4SQRmedia 970 x 90 px 03 $3.9B Loss Tipped For Panasonic
4SquareMedia 728x90 scaled $3.9B Loss Tipped For Panasonic
Flick of a switch 728x90 1 $3.9B Loss Tipped For Panasonic
Haier 728x90 1 $3.9B Loss Tipped For Panasonic
Emberton III BLACK 728x90 without CTA@2x $3.9B Loss Tipped For Panasonic
Middleton 728x90px Product $3.9B Loss Tipped For Panasonic
QUEEN 728x90 $3.9B Loss Tipped For Panasonic
Martin Logan 728 x 90 $3.9B Loss Tipped For Panasonic
hitachi banner 728x90 $3.9B Loss Tipped For Panasonic


YOU MAY ALSO LIKE