Panasonic's April-June net profit up by 8 fold

Associated Press
Panasonic's April-June net profit up by 8 fold

Pedestrians are reflected on the glass window of a Panasonic showroom in Tokyo Wednesday, July 31, 2013. Japanese consumer electronics giant Panasonic Corp. said net profit surged more than eight-fold last quarter, helped by the weaker yen and strength in the company's automotive and housing-related businesses. The 107.8 billion yen ($1.1 billion) profit in April-June compared with a 12.8 billion net profit in the same period a year earlier, an increase of 842 percent. (AP Photo/Shizuo Kambayashi)

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