Raising Camera Prices Helps Konica-Minolta Increase Profits
Profits at Konica-Minolta for the first quarter,
ending June 30, rose 1 percent to 7.32 billion yen ($65.8 million), resulting
from increasing camera prices and restructuring efforts at the
company.
While revenues fell 6.9 percent
to 244 billion yen, Konica-Minolta was able to make gains in its profit, due to
rising prices for its cameras and a nearly 50 percent reduction in manufacturing
as it shifts towards higher end models. Sales of digital cameras fell 23 percent
to 550,000 units, when compared to the same period last year.
Posted: Thu - August 4, 2005 at 03:40 PM