Archived posting to the Leica Users Group, 1996/11/14

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Subject: Leica's 1st-half net profit rises to DM1.9m
Date: Fri, 15 Nov 1996 12:10:55 +0900

          This off this morning's financial newswires:

          Solms, Germany, Nov. 14  -- Leica Camera AG said it returned a
          profit in the first-half of fiscal 1997, even though the
          integration of the
          new Minox camera business brought on an operating loss for the
          as a whole.  Net profit was up to 1.9 million DM in the fiscal
          year through
          Sep. 30, from a loss of 2.1 million in the year-earlier period.
          The first-
          half operating loss came after deducting 1.7 million marks in
          costs for
          integrating Minox.  Excluding Minox, the company had an operating
          profit of 1 million DM.  Pretax profit, including one-time gains
          from the
          sale of licenses to the parent company Leica AG of Switzerland,
          to 4.7 million marks in the first half, compared to a loss of 2.3
          marks a year earlier.

          The company said sales of its products in the 6-month period rose
          98.5 million marks from 96.5 million marks.

          Adrian Tanovic