Tonernews.com, February 13, 2004. USA
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Japan’s Konica Minolta Posts Q3 Profit Japanese Camera and office equipment maker Konica Minolta Holdings <4902.T> posted on Thursday a quarterly group net profit of 10.56 billion yen ($100 million), supported by strong sales of colour copiers. Konica Minolta, created last August through the merger of camera and office equipment makers Konica Corp and Minolta Co, Did not provide year-ago comparisons.
The company, which consolidated its earnings on October 1, posted an operating profit of 18.3 billion yen in the three months to December on sales of 282.1 billion yen.
Analysts say Konica is enjoying brisk demand for colour copiers, pickup lenses for DVD’s, and film used in the production of hot-selling liquid-crystal displays (LCDs), all of which has helped offset sharp price declines in the digital camera market.
Shares of Konica Minolta have fallen about three percent in the past three months, compared to a one percent rise in Tokyo’s precision machinery index
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