Monday, July 30, 2007

Sanyo Q1 oper profit down 72 pct,outlook unchanged

(Reuters) - However, Sanyo, the world's largest rechargeable battery maker competing with Matsushita Electric Industrial and Sony Corp. , swung to a net profit on gains from the sale of its Sanyo Electric Credit Co. Ltd. stake.



Operating profit came to 732 million yen in April-June, down from 2.57 billion yen a year earlier. Net profit totalled 2.57 billion yen, in a turnaround from a 9.67 billion yen loss, Sanyo said on Monday.


Read more at Reuters.com Market News

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