Sanyo May See 50% Profit Increase Apr 13, 2010

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Sanyo Electric Co. operating profit will likely rise 50% this year according to reports from the Nikkei business daily and Reuters. The strong performance comes thanks to distribution network of Panasonic Corp., which acquired Sanyo last year. Reuters expects operating profit to climb to more than US$483 million. A spokesman said Sanyo wouldn't comment until it makes an official financial results announcement in May.

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