High input costs affecting Panasonic margins

2022-08-01 9 0

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PETALING JAYA: Panasonic Manufacturing Malaysia Bhd sees a challenging outlook as it faces higher input costs that are eating into its margins amid moves to realign its product portfolio, according to MIDF Research.

Owing to the flood incident at the end of last year and early this year, the company had a total loss of over RM24.7mil, at 20.3% of its financial year 2021 (FY21) revenue.