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.

Source: DigitalCameraInfo


Posted: Thu - August 4, 2005 at 03:40 PM