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Matsushita Electric H1 opg profit up 6.1 pct, keeps FY outlook


Published : Tue, 30 Oct 2007 07:50
By : Agencies
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TOKYO (Thomson Financial) - Japan's Matsushita Electric Co Ltd, the world's largest consumer electronics maker, said Tuesday

its fiscal first-half operating profit rose 6 percent, helped by higher sales of its digital cameras and

flat TVs.

The Osaka-based maker of Panasonic and National brand products posted operating profit of 219.99 billion yen in the six months to September compared to 207.39 billion yen in the same period last year.

Three analysts polled by Thomson Financial News had forecast operating profit of between 210

billion and 220 billion yen.

Net profit fell 8.7 percent to 105.12 billion yen in the absence of one-off gains. In the same

period last year Matsushita booked special income of 16 billion yen after selling its cable unit.

Revenue rose 3.1 percent to 4.525 trillion yen.

For the full year to March 2008, Matsushita stood by the forecasts it made in July when it projected net profit of 246 billion yen, operating profit of 477 billion yen and revenue of 8.78 trillion yen.

(1 US dollar = 114.47 yen)

yasuhiko.seki@thomson.com

yas/ms

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Copyright Thomson Financial News Limited 2007. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

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