Photo loss hurts Pentax earnings

Pentax, a Japanese maker of cameras and medical equipment, said Tuesday that its fiscal first-quarter profit fell 42 percent as a result of losses at its photographic unit.
Net income fell to ¥261 million, or $2.32 million, for the three months that ended June 30, from ¥448 million a year earlier, the company said in a release to the Tokyo Stock Exchange. Sales rose 9.6 percent to ¥33.8 billion.

Source: International Herald Tribune


Posted: Tue - July 19, 2005 at 10:18 AM