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Nikon Reports Q1 Profit Surge

8/05/2010 09:53:29 AM Eastern
Tokyo - Nikon said Thursday that strong camera sales and increased demand for machinery used in the production of silicon wafers and LCD panels contributed to a more than 15 percent increase in operating profits for its fiscal first quarter.

The company reported an operating profit of 11.3 billion yen ($131 million) for the April to June period, compared with 730 million yen for the same period last year.

Net profit was 8.15 billion yen ($95 million) in the period, compared with a loss of 4 billion yen last year.

Sales of d-SLR and compact cameras rose 33 percent from a year earlier to 4.5 million units, the company said.

Nikon benefitted from a strong uptick in demand in steppers and scanners, which are expensive machines used to etch circuitry onto silicon wafers and LCD panels.

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