November 6, 2018
The OEM has published its financial results for the first half of the current fiscal year, ending September the 30th, with the Japanese company seeing a rise in profits.
The firm’s operating profit rose in HY1 to ¥38.03 billion ($336.1 million/€294.8 million), a 21.5 percent increase on the figure of ¥31.31 billion ($276.7 million/€242.7 million) from the equivalent period of last year.
Profit before income taxes also rose, from ¥31.58 billion ($279.1 million/€244.8 million) to ¥38.4 billion ($339.3 million/€297.7 million), a climb of 21.6 percent, while profit for the period rose to ¥28.69 billion ($253.5 million/€222.4 million), from ¥22.96 billion ($202.9 million/€178 million) in 2017, a 24.9 percent rise.
There was slight drop in Brother’s revenue, however, which fell 0.8 percent from last year, from ¥346.4 billion ($3.06 billion/€2.68 billion) to ¥343.6 billion ($3.03 billion/€2.66 billion).
Comprehensive income for the period also fell, tumbling 26.9 percent to ¥33.37 billion ($294.9 million/€258.6 million) from ¥45.62 billion ($403.1 million/€353.6 million).
Concurrently, Brother also released its financial results for Q2 of the current year (July to September), which presented a slightly different picture: Operating profit fell from ¥18.7 billion ($165.2 million/€144.9 million) to ¥15.7 billion ($138.7 million/€121.7 million), profit before income tax dropped from ¥18.6 billion ($164.3 million/€144.1 million) to ¥15.9 billion ($140.5 million/€123.2 million), and profit for the period decreased from ¥13.6 billion ($120.2 million/€105.4 million) to ¥12 billion ($106 million/€93 million).
Revenue also fell in Q2, to ¥172.5 billion ($1.52 billion/€1.33 billion) from ¥178.6 billion ($1.57 billion/€1.38 billion) in the same period of 2017.
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