Canon sees first profit gain in three years

06 Feb, 2017

Japanese camera and printer maker Canon Inc forecast full-year operating profit to climb 11.4 percent, its first rise in three years, bolstered by earnings from a medical equipment unit it bought from Toshiba Corp last year.
The company forecast operating profit to rise to 255 billion yen ($2.3 billion) this year from 228.9 billion in the previous twelve months - in line with an average analyst estimate of 254 billion yen from 19 analysts surveyed by Thomson Reuters I/B/E/S.

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