Olympus returns to profit *some folks will be disappointed*

Started Nov 12, 2012 | Discussions thread
Abrak Veteran Member • Posts: 3,952
Re: Olympus returns to profit *some folks will be disappointed*

YouDidntDidYou wrote:

kermitG9 wrote:

gnewsch wrote:

That's about as surprising as the plop on the toilet. Looking at the rampant success of their recent products, who would rationally have expected anything else.

which products ? Photography-related ? Because that's where they're doing very badly.. still...

From Wall Street Journal:
"its capital-adequacy ratio rose to 3.7% at the end of September from 2.2% three months earlier and is expected to improve to around 9% after Sony completes buying ¥50 billion in new shares by the end of February"
"With a net profit of ¥8.02 billion for the first six months of the fiscal year, Olympus has already exceeded its full-year forecast"
From another source:
"On the other hand, the mirrorless market grew steadily across the globe. OM-D recorded a bigger increase in sales capital than expected."

-- hide signature --

living life to the Four Thirds!

BTW capital adequacy of 3.7% equates to gearing of almost 3000%!!

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