• Kyodo

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Panasonic Corp. said Wednesday its group net profit in the six months to September fell 4.5 percent from a year earlier, citing weakening investment in China and sluggish sales of consumer electronics.

The electronics maker posted a group net profit of ¥113.62 billion ($1.00 billion) in the first half ended on Sept. 30. Group operating profit declined 0.7 percent to ¥195.24 billion, while group sales grew 3.9 percent to ¥4.01 trillion, led by the automotive equipment division.

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