TOKYO -- Panasonic logged a net loss of 9.8 billion yen ($93 million) in the April to June quarter, the Japanese electronics company announced Thursday, marking its first net loss for the April to June quarter in nine years, as the coronavirus pandemic battered sales.
Panasonic's operating profit plummeted 93% to 3.7 billion yen, dragged lower by weak sales, with revenue falling to 1.3 trillion yen, down 26% versus the same period a year earlier.
