EETimes: Citing strong sales of flat-panel TVs and other audiovisual products, Japanese consumer electronics giant Matsushita posted a 130 percent year-to-year increase in fiscal second quarter net income and a 79 percent increase in net income for the first six months of the fiscal year, the company said Friday (Oct. 28).Matsushita posted a fiscal second quarter net income of $79.3 billion yen (about 528 million euro) on revenue of 2.25 trillion yen (15 billion euro), up 2 percent from the same period of 2005.
For the first six months of the year, Matsushita posted a net income of 115 billion yen (770.8 million euro) on revenue of 4.39 trillion yen (29.2 billion euro), up 3 percent from the first half of 2005, the company said.
First half domestic Japanese sales were roughly flat, while overseas sales grew roughly 6 percent, the company said.
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