Panasonic Rakes In Nice Profit Despite Low Sales

Unlike certain other companies on the IT market, Panasonic weathered the second quarter of 2012 with little trouble, even succeeding in making some profit.

The reason for this is that Panasonic has been reducing fixed costs and restructuring each business segment.

With this to compensate for the increasingly serious financial crisis in Europe, the company was able to make up for the previous losses.

That is to say, whereas 2011 brought a loss of $9.7 billion (7.91 billion), the second quarter of 2011 put a stop to the drop in income and generated $164 million / 133 million Euro.

It bears noting that Panasonic achieved this feat in spite of a 6% decrease in sales, compared to the first quarter.

The only unfortunate part in all this is that this business balance has been achieved at significant cost.

Via: Panasonic Rakes In Nice Profit Despite Low Sales