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Old 13th February 2012
mhobart mhobart is offline
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Olympus projecting US $412 million loss this year

Reuters and other sources are carrying the report that Olympus is projecting a loss of US $412m this year, with most of the loss attributed to their camera business :-(
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Old 13th February 2012
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Ian Ian is offline
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Re: Olympus projecting US $412 million loss this year

I have posted a story here: http://fourthirds-user.com/2012/02/r...at_olympus.php

In actual fact the loss is mostly down to revised accounting after the financial scandal broke in October.

For the final quarter of 2012 the medical imaging division made an operating profit of 18bn yen while the rest of the company lost about 10 billion, which is about 82m or $129m and the camera division is probably only responsible for part of that.

Ian
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Old 13th February 2012
mhobart mhobart is offline
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Re: Olympus projecting US $412 million loss this year

Quote:
Originally Posted by Ian View Post
I have posted a story here: http://fourthirds-user.com/2012/02/r...at_olympus.php

In actual fact the loss is mostly down to revised accounting after the financial scandal broke in October.

For the final quarter of 2012 the medical imaging division made an operating profit of 18bn yen while the rest of the company lost about 10 billion, which is about 82m or $129m and the camera division is probably only responsible for part of that.

Ian
Thanks :-) I had just seen additional articles putting much of the loss on continued writedowns of assets, which agrees with your comments.
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