PhotoshopNews.com
Aug 8, 2005

Nikon profit soars, raises outlook

Source: Yahoo News

TOKYO (Reuters) – Japan’s Nikon Corp. said on Monday its quarterly operating profit more than quadrupled, helped by strong sales of high-end digital cameras, and it raised its forecast for the full year.

Nikon, the world’s second-largest maker of digital single lens reflex (SLR) cameras, said group operating profit totaled 13.94 billion yen ($124 million) in the April-June first quarter, up from a profit of 3.13 billion yen in the year-ago period.

Earnings at Nikon have been boosted by robust demand for digital SLR cameras and the interchangeable lenses used with them, as well as improved profitability in its stepper and instruments divisions.

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