UPDATE 1-Panasonic sees profit rising 55 pct in shift from consumer gadgets

Newswire

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 rise to 250 billion yen ($2.52 billion) in the current business year from last year's 160.9 billion yen. That compares with an average ...

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