Sunday, November 29, 2015   

Canon sees profit up on weak yen
(04-24 17:36)

Japanese camera and office equipment maker Canon Inc. is reporting a hefty gain in profit for the first fiscal quarter, largely on a favorable exchange rate.
Canon on Thursday reported a January-March net profit of 47.6 billion yen, up 16 percent from the same period the previous year.
Quarterly sales totaled 868.3 billion yen, up 6 percent on year, as healthy laser printer and copier demand offset shrinking camera sales.
Like other Japanese exporters, Canon got a perk from the falling yen, which lifts the value of its overseas earnings. But Canon and others cannot expect the dollar's rise to continue at the same rate this year.
Canon said the dollar cost 97.84 yen last year, and that it will likely cost 100.61 yen this year. --AP   
Other Business breaking news:
Greek pensioners vow to defy proposed cuts (11-27 16:52)
Skin care drug prices rocketed by 401pc since 2009, US study finds (11-27 16:48)
High flying Brazil banker held in Petrobras graft scandal (11-27 16:38)
Hang Seng tumbles at close (11-27 16:33)
Nikkei closes lower (11-27 16:31)
China stocks dive over broker investigations (11-27 15:06)
Japan's jobless rate at 20-year low, consumer spending drops (11-27 12:49)
HK, China stocks drop at mid day (11-27 12:25)
Global airlines industry predicts China’s emergence as largest travel market (11-27 12:22)
CITIC Securities confirms China regulator’s investigation (11-26 20:04)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.