Matsushita Electric Industrial Co. posted its first quarterly group operating loss in 30 years, because of a global slump in demand for technology, the electronics giant said Tuesday.
The consolidated loss for the April-June quarter came to 38.69 billion yen, against a profit of 21.2 billion yen a year earlier, on a 6 percent fall in sales to 1.67 trillion yen, the company said.
Matsushita began releasing quarterly results in 1971.