Panasonic first-quarter operating profit up 18.1 percent

Panasonic Corp posted an 18.1 percent rise in operating profit for the first quarter, beating analyst expectations, on growing demand for its automotive parts and household fittings. The figure was higher than the 66.82 billion yen average estimate of six analysts, according to Thomson Reuters Starmine. Panasonic kept its operating profit target for the full year to March 2015 unchanged at 310 billion yen, which would be its highest profit in seven years.

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