CORRECTED-Panasonic sees profit rising 55 pct in shift from consumer gadgets

Newswire

(Corrects headline, first two paragraphs to state operating profit will rise 55 percent to 250 bln yen, not more than triple to 160.9 bln yen) TOKYO, May 10 (Reuters) - Panasonic Corp forecast its operating profit will rise 55 percent in the year to March 31 as it steps back from struggling operations in TVs and other consumer gadgets in favour of selling machinery, components and electronic equipment to other businesses. The company expects operating profit to ...

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