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Fujifilm's H1 earnings almost triple

TOKYO : Japan's Fujifilm Holdings Corp. said on Tuesday that its first-half net profits almost trebled on brisk sales of camera phone lenses, flat panel display materials and medical products. A weak yen and cost cuts also helped to boost operating profit to a record high after the group overhauled its business last year, slashing thousands of jobs to try to adapt to a consumer shift to digital photography. Fujifilm, which owns three quarters of photocopier manufacturer Fuji Xerox, posted net profit of 64.65 billion yen (US$565 million) for the six months to September, up from 23.80 billion a year earlier. Operating profit more than doubled to a record 108.66 billion yen as revenue grew 4.1 percent to 1.41 trillion yen, also an all-time best. Fujifilm has been try to reinvigorate flagging demand for colour photographic paper by encouraging people to print photographs taken with digital cameras or their mobile telephones.


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