Panasonic's Q1 profit surges on solid demand for home appliances, batteries
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TOKYO, July 29 (Reuters) - Panasonic Corp reported on Thursday a jump in its first-quarter operating profit as demand recovered for a wide range of products such as home appliances to automotive batteries.
Panasonic, a supplier of batteries to Tesla Inc, said profit for the April-June quarter rose to 104.4 billion yen ($950.98 million), from 3.8 billion yen a year earlier. ($1 = 109.7600 yen) (Reporting by Makiko Yamazaki and Tim Kelly; Editing by Himani Sarkar)
