Konica Minolta Holdings Inc. said Thursday its April-June group net profit rose 44.3 percent from a year earlier to 10.56 billion yen on double-digit sales and profit growth for its information equipment and optics divisions.
But overall consolidated sales in the first quarter of fiscal 2006 fell 1.1 percent to 241.27 billion yen as sales at its photo imaging division plunged by 65 percent to 17 billion yen on its withdrawal from camera production and sales under a plan to complete the division’s closure in 2007.
Konica Minolta revised its group net profit estimate for the first half of fiscal 2006 through September upward from 11 billion yen to 15.5 billion yen on 490 billion yen in sales, up from an earlier estimate of 480 billion yen.
The company made no revision to estimates for the whole of fiscal 2006. It expects to post 30 billion yen in group net profit, against a loss of 54.31 billion yen the previous year, and 980 billion yen in sales, against 1.07 trillion yen.
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