Olympus expects loss in digital camera business
TOKYO Dec 15 (Reuters) - Scandal-hit Olympus Corp expects its digital camera business to be in the red for the financial year ending in March, Hironobu Kawamata, a director and executive officer of the company, said on Thursday.
The company's sales of digital cameras rose 15 percent in the April-September first half from a year earlier to 4.2 million units, Kawamata told a news conference on the company's delayed first-half results.
The company on Wednesday announced a 32.33 billion yen ($414.12 million) net loss for the first half, hit in large part by its ailing camera business and the strong yen.
- U.S. war veteran released by North Korea returns home |
- South Korea to make announcement on air zone; expansion is anticipated |
- Pro-Europe protesters gather for rally in Kiev
- Pennsylvania newlyweds "just wanted to murder someone together:" police
- Obama defends interim Iran deal, seeks to assure Israel