twice connect

Fujifilm Q1 Profits See Strong Growth

7/27/2007 09:39:00 AM Eastern

Tokyo — Fujifilm saw net income in its first quarter, ended June 1, hit $343 million, up 751 percent from the year-ago quarter.

First quarter operating income hit $501 million on sales of medical equipment, film for flat-panel TVs and strong digital camera sales, the company reported.

Operating income grew 280 percent vs. the year-ago quarter while revenue climbed 4.8 percent versus last year’s quarter, to roughly $5.7 billion.

According to the company, the imaging solutions group, which includes its digital camera business, saw a 3.8 percent drop in revenue due to weaker sales of digital minilabs, photo processing services and color film sales.

Want to read more stories like this?
Get our Free Newsletter Here!

Curated By Logo