Canon Posts Record Fourth Quarter Profit; Forecasts Record 20068 Feb, 2006
Canon Posts Record Fourth Quarter Profit; Forecasts Record 2006
Canon Inc. said its quarterly net profit rose 33.9 percent to a record and it forecast a seventh straight year of record profit in 2006. Canon said its group net profit totaled $923.6 million in the fourth quarter. Canon has enjoyed brisk sales of digital cameras, color office copiers and laser printer engines, which it supplies to U.S.-based printer maker Hewlett-Packard Co. on an original equipment manufacturer (OEM) basis.