Olympus’ quarterly numbers show profits, boosted by E-M5 II and high-end compact sales
posted Thursday, August 6, 2015 at 2:25 PM EST
Olympus’ numbers for this quarter have been released, and after a few years of red, the Japanese company is finally seeing green.
Olympus’ camera devision amassed an operating profit of 1.1 billion yen (approximately US$8.8 million) this past quarter, a massive improvement considering a year ago the numbers showed a 1.9 billion yen (approximately US$15.2 million) loss.
This impressive profit is helped thanks to a 26% increase in mirrorless camera sales year-over-year. Compact camera sales have dropped 11%, but sales revenue has remained the same thanks to consumers opting for the company’s more high-end compact camera models.
Olympus’ last fiscal year, which ended on March 31st, 2015, didn’t look great, with an operating loss of 13.9 billion yen (approximately US$111.5 million). But the numbers so far this year look promising.