Pentax Posts $29.6M Net Profit, Four Times More than Before

Pentax K100D digital SLR Camera

Pentax must be doing something right; its net profit more than quadrupled in the Japanese fiscal year to March 2007. It posted ¥3.57 billion or $29.6 million, up from ¥805 million the year before. This is more than four times growth.

Pentax says their net profit was buoyed by sales of its high-end K10D and K100D digital cameras. For next year, the company forecasts a 6 percent rise in net profit as it expects continued brisk sales of their digital SLRs.

On the whole, the company’s operating profit jumped 89 percent to ¥5.65 billion even as revenue expanded 10.6 percent to a record ¥157.3 billion.

Pentax said they sold more than 300,000 units of DSLRs last year as new models such as the K100D gained acceptance worldwide. As a result, the company’s imaging division posted an operating profit of ¥3.1 billion, after losing ¥1.2 billion the year before.

[Via: Forbes.com]

Chris Malinao

About Chris Malinao

Chris teaches Lightroom as workflow software to photography students at the FPPF, Federation of Philippine Photographers Foundation. He also teaches smartphone photography.

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