Panasonic’s battery unit sees Q3 profit rise on stronger North America sales
Japan’s Panasonic Holdings posted a rise in third-quarter operating profit for its battery-making energy unit on Friday, helped by stronger sales in North America, and kept its full-year profit forecast for the segment.
Third-quarter operating profit was boosted by increased sales in North America and a better balance between raw materials and selling prices, despite weaker sales at its Japan factory and higher fixed costs, Panasonic said in presentation materials.
