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Canon’s net profit more than doubled over the year

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Canon yesterday published its report for the past quarter. Sales for the period were $ 7.581 billion. This is 7.7% more than in the first quarter of last year. Operating profit increased in annual terms by 114.6% and reached $ 735.712 million. Profit before taxes compared to the first quarter of last year increased by 91.4%. It amounted to $ 595.027 million. Finally, the Japanese manufacturer managed to increase its net profit by 102.9% in annual terms to $ 400.486 million.

Sales did not grow equally in all segments. Moreover, the MFPs and printers division reduced sales by 1.8%. On the other hand, the Imaging System division saw sales growth of 24.0%. Sales of medical devices increased by 17.3%, and industrial equipment and other products – by 26.0%.

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