*NEWS*CANON MIDDLE EAST,MAKING BIG MONEY!

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*NEWS*CANON MIDDLE EAST,MAKING BIG MONEY!

 user 2003-10-10 at 1:33:00 pm Views: 76
  • #7669
    Canon Middle East announces exceptional performance
    Canon Middle East has announced its results for the first half of 2003, again racking up massive, double- digit revenue growth.

    With an increase in turnover of 41% over the same period last year, these results mark the tenth straight quarter of 35%+ growth, unbroken since Canon Middle East became a full subsidiary in 2001. Canon’s success in the Middle East reflects the leading position it has taken internationally, where the company has bucked a sluggish global economy to notch up 10% worldwide growth in net sales, and becoming the ‘bluest of the blue-chips’ among Japanese corporations.

    Particularly strong results come as Canon takes the lead in this region’s burgeoning market for advanced digital technologies. In enterprise office equipment, Canon has more than doubled its sales in advanced digital Colour Laser Copiers (122% growth), and shown similar success in digital multifunctionals (68% growth). The same success can be found in the consumer space, with a 93% increase in digital camera sales. Other high points include a 56% growth in the hotly contested and highly competitive bubble jet printers arena.