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Epson reports Q1 financials

Epson reports Q1 financials

July 30, 2019

The OEM has announced its latest financials, Q1 which ended 30 June 2019.

The financial report shows that Epson recorded revenues of ¥249.6 billion ($2.29 billion/ €2.06 billion) for the first quarter, a decrease of 4.2 percent compared to the same reporting period of the previous year. Business profit is showing a big decrease of 69.2 percent with recording only ¥4.5 billion ($41.45 million/ €37.18 million) compared to ¥14.6 billion ($134.5 million / €120.6 million) recorded in the same period of the previous fiscal year.

Total income for the period was recorded as ¥6.95 billion ($64 million/ €57 million).

In its forward-looking projections, Epson has not made any amends and is still forecasting the same for the fiscal year 2020 which will end 31 March 2020.

Categories : City News

Tags : Business Epson Financials OEM

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