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Brother reports slight fall in revenue

Brother reports slight fall in revenue

February 6, 2019

In its latest consolidated financial results for the nine months ending 31 December 2018, Brother has recorded a 2.3 percent drop in revenue.

Compared to the same period in 2017, when the OEM amassed revenue of ¥534.1 billion ($4.8 billion/€4.1 billion), this year the company has reported revenue of ¥521.8 billion ($4.7 billion/€4.1 billion).

Business segment profit also decreased slightly, from ¥61.5 billion ($560.3 million/€491.9 million) in 2017 to ¥60.4 billion ($550.3 million/€483.1 million) by the end of 2018. This represents a drop of 1.8 percent.

However, the OEM reported a healthy rise in operating profit, from ¥53.1 billion ($483.8 million/€424.7 million) in 2017 to ¥61.6 billion ($561.2 million/€492.7 million) in 2018. This is an increase of 16.1 percent.

During Q3 of the fiscal year ending 31 March 2019, Brother reported revenue of ¥178.1 billion ($1.6 billion/€1.4 billion), a decrease from Q3 ending 31 December 2017 when it recorded revenue of ¥187.7 billion ($1.7 billion/€1.5 billion).

Operating profit rose, however, from ¥21.7 billion ($197.7 million/€173.5 million) in 2017 to ¥23.6 billion ($215 million/€188.7 million) this Q3.  

For the nine months ending 31 December 2018, Brother has revealed that its Printing & Solutions sector amassed revenue of ¥307.3 billion ($2.8 billion/€2.4 billion) and an operating profit of ¥43.9 billion ($400 million/€351.1 million). In Q3 this sector commanded revenue of ¥108.6 billion ($989.5 million/€868.7 million).

Categories : City News

Tags : Brother Financials FY2019 Q3

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