Panasonic forecasts record net lossFebruary 3, 2012 - 11:31 AMT PanARMENIAN.Net - Japanese electronics company Panasonic says it forecasts a record net loss of 780 billion yen ($10.2 billion) for the fiscal year through March amid falling sales of digital products and production disruptions from flooding in Thailand. That is nearly twice the annual net loss of 420 billion yen it had projected in October. It is also more than its past record net loss of 427.7 billion yen logged for the fiscal year through March 2002, when the company was still Matsushita Electric Industrial Co. For the October-December quarter, Panasonic posted a net loss of 197.6 billion yen ($2.6 billion) on Friday, The Associated Press reported.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year  German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year.Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan.Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan.Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |
