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Panasonic forecasts a $9.6 billion loss, amid slow TV sales and restructuring costs

AsiaPublished Last updated This article is more than 2 years old.

A link from BBC

Panasonic said it expects to lose $9.6 billion in its current financial year. The Japanese electronics maker blamed falling TV sales, a strong yen, and a major increase in the costs of a restructuring effort. Panasonic had earlier predicted a profit.

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