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FUJIFILM POSTS 50% GROUP NET PROFIT INCREASE IN APRIL-JUNE.
TOKYO, Aug 1 Asia Pulse - Fuji Photo Film Co. (TSE:4901) saw its consolidated net profit in the April-June period surge 50 per cent from the first quarter of the previous year to 23.3 billion yen (US$193.4 million), buoyed by a 2.4 billion yen profit from the yen's weakening against major currencies, the company announced Thursday. Sales edged down 0.9 per cent to 608.4 billion yen.
The company booked a loss of about 9 billion yen in the April-June period of fiscal 2002, when the yen rose in value, mainly against the dollar. The currency rate gain provided a big boost to nonoperating profit, according to company officials. Profit before taxes rose 19 per cent to 47.6 billion yen.
However, operating profit dipped 6 per cent to 47 billion yen due to a ...
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Source: HighBeam Research, FUJIFILM POSTS 50% GROUP NET PROFIT INCREASE IN APRIL-JUNE.