Panasonic Corporation saw Q1 net profits of ¥59.5 billion ($479 million), up from ¥37.9 billion ($305 million) in the year-ago quarter, on revenue which rose to ¥1.86 trillion ($14.94 billion) from ¥1.85 trillion ($14.89 billion). The company said that it was changing its focus away from sales growth towards generating profit.
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