Olympus Corp posted a net profit of 12.5 billion yen
(156.9 million dollars) in July-to-September, a turnaround from a net
loss of 30.9 billion yen in the same period last year, the company
said Monday.
The Japanese maker of cameras and endoscopes posted an operating
profit of 15.9 billion yen in the quarter, up 23 per cent from 12.3
billion yen a year ago. Sales were little changed to 216.2 billion
yen in the period from 215.9 billion yen.
Olympus said its operating profit in the medical business surged
32 per cent for the first half of the current financial year,
bolstered by robust sales of endoscopes.
Olympus president Hiroyuki Sasa said the capital adequacy ratio
had recovered to 3.7 per cent after falling to as low as 2.2 per cent
in June after revelations of a cover-up of massive investment losses.
Olympus raised its net profit outlook to 8 billion yen for the
financial year, ending March 31, from 7 billion yen projected in
August, while trimming its operating profit forecast to 38 billion
yen from 50 billion yen predicted three months ago due to poor sales
of digital cameras.
