Epson on the up in HY1
October 30, 2018
The OEM’s recently-released financial results for the six months up to September the 30th show a positive picture overall.
The Japanese company’s revenue for the period increased to ¥532.3 billion ($4.71 billion/€4.15 billion), up 1 percent from the equivalent spell of 2017, when it totalled ¥527.3 billion ($4.67 billion/€4.11 billion).
There was a drop for Epson in Business Profit, which fell to ¥27.4 billion ($242.7 million/€213.6 million) from ¥28.1 billion ($248.9 million/€219.1 million) last year, a 2.6 percent decrease. There was brighter news, however, with the company’s profit from operating activities, which rose 8.1 percent to ¥25.6 billion ($226.7 billion/€199.6 million), from ¥23.6 billion ($209 million/€184 million) the year before.
Profit before tax also went up, from ¥23 billion ($203.7 million/€179.3 million) to ¥26.9 billion ($238.2 million/€209.7 million), a 16.9 percent increase. Profit for the period, meanwhile, saw an even larger climb, from ¥15.1 billion ($133.7 million/€117.7 million) to ¥20.3 billion ($179.8 million/€158.2 million), rising 34.4 percent.
Categories : City News
Tags : Business Epson Financials Half-Year
