KUALA LUMPUR, Aug 24 — Panasonic Manufacturing Malaysia Bhd’s pre-tax profit increased to RM49.84 million for the first quarter ended June 30, 2016 from RM41.26 million recorded in the same period last year.

Revenue rose to RM297.79 million, for the period under review, from RM267.21 million, recorded previously.

In a filing to Bursa Malaysia today, Panasonic Manufacturing said the higher revenue was led by stronger sales in domestic and export markets for home appliances and fan products.

"We will continue to develop new products for our strategic markets and streamline operational processes to reduce overall production costs.

"This is in view of the tight labour market, inflationary cost pressures and volatile foreign currency exchange,” it added. — Bernama