You are here

Canon profit hit by slower sales in emerging economies

Wednesday, February 1, 2017 - 05:50

BT_20170201_CANON1AHNB_2718723.jpg
Canon is forecasting a rebound in net profit this year as it expects an increase in demand for office equipment, thanks to growing strength in the US and some emerging economies.

Tokyo

CANON said on Tuesday that its full-year profit shrank by almost a third in 2016, blaming it on a slowdown in emerging markets and the impact of a stronger yen.

The camera and copy machine maker, however, forecast a rebound in net profit for 2017 as it expects an increase in

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom