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Friday, January 31, 2003
Sanyo Electric climbs back into black


Sanyo Electric Co said Friday it swung back into the black with a consolidated net profit of 2.67 billion yen in the three months to Dec 31, a sharp reversal from a net loss of 6.72 billion yen a year earlier. The major consumer electronics maker attributed the profitability in the October-December period to an increase in sales and efforts to streamline operations and cut costs.

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