Panasonic announces 57% rise in net profit

Panasonic Corp. has stated that its net profit for Q1 of fiscal 2015 escalated by 57% to 59.8 billion yen on sales of 1,857 billion yen. The profit in operation fell by 7% to 76.5 billion yen. Performance in automobile and industrial machines was strong with a supporting increase by 35% hike in profit in operation to 28.5 billion yen. However, the same cannot be said for home appliances due to their sluggish sales.