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Panasonic posts $A6.5bn loss

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TOKYO, Feb 1 AFP

February 01 2013, 5:59PM

Panasonic said it lost about $US6.77 billion ($A6.52 billion) in the nine months to December and was on track to lose a whopping $A8 billion.

The struggling electronics giant's nine-month net loss, revealed on Friday, nearly doubled its year earlier shortfall, while sales slipped 8.8 per cent to 5.44 trillion yen.