Fujifilm Posts Decline In H1 Profit, Cuts Full-Year Forecast
Fujifilm Holdings (OTC: FUJIY) reported a drop in its net profit for the fiscal first half and cut its full-year forecast.
Fujifilm's net profit for the period dropped to Y10.5 billion, versus Y14.9 billion, in the year-ago period.
Its operating profit declined 28% to Y42.3 billion from Y59.0 billion, while revenue fell 1.9% to Y1.06 trillion from Y1.08 trillion.
For the fiscal year, Fujifilm now projects a net profit of Y45 billion, versus its earlier view of Y65 billion.
Fujifilm shares closed at $16.50 on Friday.
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