Leica announce first quarter results

Leica has today announced a slight increase in income after tax but an overall drop in sales. Worst hit was compact camera sales which decreased by 44% "due to a temporary lack of digital camera models". The press release goes on to say " In July 2001 the Company finalised a basic agreement with Matsushita Electric Industrial Co., Ltd. of Osaka, Japan to jointly develop and manufacture digital still cameras. The presentation of the first Leica products to emerge from this partnership is scheduled for the spring of 2002." Just in time for PMA...

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