Panasonic set for $10.23b loss

Panasonic set for $10.23b loss
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Summary Japan's Panasonic on Friday warned it would see its worst-ever net loss.

Panasonic said it would see its worst-ever net loss of 780 billion yen ($10.23 billion) for the year to March, blaming the strong yen, flooding in Thailand, and acquisition costs.The company posted a net loss of 333.82 billion yen for the nine months to December, reversing a 114.70 billion yen profit in the corresponding period a year earlier.
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