The following appers on au.news.yahoo.com

Tokyo (AFP) – Japanese electronics giant Panasonic said Wednesday that its net profit soared 57 percent from a year ago, mainly thanks to a tax accounting change as the electronics giant continues to reshape its business.

The Osaka-based firm’s earnings for the three months to June surged to 59.52 billion yen ($482 million), while operating profit edged down seven percent to 76.56 billion yen.

Sales were almost flat at 1.86 trillion yen from a year ago.

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