Canon Philippines is reporting a 22% growth in sales and profitability for the whole of 2008. The company reached its revenue target of P3-billion ($61.6M) last year compared to P2.4B in 2007. Half of the figure came from sales of digital SLRs, compact cameras, camcorders and copiers.
Canon Philippines President Ramon Arteficio, above photo, explained that although there are negative reports in Canon Japan, the Philippine unit â€œis not retrenchingâ€ (any workers) and will continuously offer consumers new products.
â€œMaybe weâ€™ll grow a little slower [this year] than last year,â€ he said, â€œBut weâ€™re going to weather whatever hardship will come our way.â€
[Via: Business Mirror]