Brother reports slight fall in revenue
February 6, 2019
In its latest consolidated financial results for the nine months ending 31 December 2018, Brother has recorded a 2.3 percent drop in revenue.
Compared to the same period in 2017, when the OEM amassed revenue of ¥534.1 billion ($4.8 billion/€4.1 billion), this year the company has reported revenue of ¥521.8 billion ($4.7 billion/€4.1 billion).
Business segment profit also decreased slightly, from ¥61.5 billion ($560.3 million/€491.9 million) in 2017 to ¥60.4 billion ($550.3 million/€483.1 million) by the end of 2018. This represents a drop of 1.8 percent.
However, the OEM reported a healthy rise in operating profit, from ¥53.1 billion ($483.8 million/€424.7 million) in 2017 to ¥61.6 billion ($561.2 million/€492.7 million) in 2018. This is an increase of 16.1 percent.
During Q3 of the fiscal year ending 31 March 2019, Brother reported revenue of ¥178.1 billion ($1.6 billion/€1.4 billion), a decrease from Q3 ending 31 December 2017 when it recorded revenue of ¥187.7 billion ($1.7 billion/€1.5 billion).
Operating profit rose, however, from ¥21.7 billion ($197.7 million/€173.5 million) in 2017 to ¥23.6 billion ($215 million/€188.7 million) this Q3.
For the nine months ending 31 December 2018, Brother has revealed that its Printing & Solutions sector amassed revenue of ¥307.3 billion ($2.8 billion/€2.4 billion) and an operating profit of ¥43.9 billion ($400 million/€351.1 million). In Q3 this sector commanded revenue of ¥108.6 billion ($989.5 million/€868.7 million).
Categories : City News
Tags : Brother Financials FY2019 Q3
