Olympus profit - the cat is out of the bag (a little early)

Started Oct 29, 2013 | Discussions thread
Lab D
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Camera division = Medical division R&D
In reply to peevee1, Oct 29, 2013

peevee1 wrote:

Oly swears to release April-September 2013 report Nov 8th, but the reports are already in:

"Olympus' operating profit increased 70% to some JPY 30 billion (USD 306 million), topping forecasts by JPY 3 billion (USD 31 million)."

Of course, it is mostly due to medical stuff (being most of their business), and would be interesting to see how camera division is doing compared to others - but the company as a whole is healthy.

The camera division does not need to profit according to Olympus.  They said it is the R&D for the highly profitable medical division.

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