Epson reveals latest financial results
April 26, 2019
The OEM has published its consolidated financial results for the fiscal year ending 31 March 2019.
These results reveal a slight fall in revenue of 1.1. percent, from ¥1.1 trillion ($9.8 billion/€8.8 billion) to ¥1.09 trillion ($9.7 billion/€8.7 billion), as well as a minor decrease in business profit, from ¥74.7 billion ($668.1 million/€599.8 million) last financial year down to ¥70.4 billion ($629.6 million/€565.3 million) this year.
However, on a more positive note, Epson has reported a rise in profit from operating activities from ¥65 billion ($581.4 million/€521.9 million) in the year ending March 2018 to ¥71.3 billion ($637.7 million/€572.4 million) this fiscal year.
The company also experienced an increase in both profit before tax and profit for the period.
Total comprehensive income for the fiscal year ending 31 March 2019 is cited by Epson at ¥49.5 billion ($442.7 million/€397.4 million).
Looking ahead to the year ending 31 March 2020, Epson predicts a rise in revenue of 3.7 percent, to ¥1.1 trillion ($9.8 billion/€8.8 billion) but a decrease in business profit and profit from operating activities of 7.8 and 15.9 percent respectively.
Categories : City News
Tags : Epson Financials
