TSLA - Panasonic Posts Strong H1 Profits But Lowers FY24 Guidance On Deteriorating Market Conditions | Benzinga
Panasonic Holdings Corp (OTC: PCRFY) reported an H1 FY24 sales growth of 1% Y/Y to ¥4.12 trillion on higher sales in Automotive, Connect, and automotive batteries and favorable currency translation.
By segments, sales fell 2% Y/Y at ¥1,683 billion in Lifestyle, while it rose by 20% Y/Y to ¥708.2 billion in Automotive, 7% Y/Y to ¥552.1 billion in Connect, fell 14% Y/Y to ¥510.4 billion in Industry and up 1% Y/Y to ¥476.8 billion in Energy businesses.
Operating profit ...