Panasonic Hit by Rising Costs of Raw Materials, Component Shortage; Posts Major Slide in Q3 Profit

Panasonic posted a larger-than-expected 44 percent slide in third-quarter operating profit, hit hard by rising costs for raw materials, component shortages, and a drop in domestic sales for appliances.

Feb 3, 2022 - 06:25
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Panasonic Hit by Rising Costs of Raw Materials, Component Shortage; Posts Major Slide in Q3 Profit
Panasonic posted a larger-than-expected 44 percent slide in third-quarter operating profit, hit hard by rising costs for raw materials, component shortages, and a drop in domestic sales for appliances.