Archived posting to the Leica Users Group, 1998/12/24

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Subject: [Leica] Leica Financial Report
From: Ken Lassiter <kenlass@gate.net>
Date: Thu, 24 Dec 1998 10:12:39 -0500

Below is a report from Leica as quoted from teh PMA Daily Newsline:

"LEICA CAMERA GROUP REPORTS DROP IN OVERALL SALES
The Leica Camera Group, Solms, Germany, announced results for the first
half of fiscal 1998/99. Despite a negative influence of the economic
crisis in
Asia, the company reported sales of DM 123.9 million, compared with DM
126.3 million in the same period last year. The operating result
declined from
DM 3.8 million in the first half of fiscal 1997/98 to a loss of DM 1.2
million in
the current year, leading to a pretax result of minus DM 4.7 million and
a total
loss of DM 5.4 million. Sales of the company's traditional Leica M
System
remained almost stable with DM 29 million. Sales of the Leica R System
declined by 37 percent to DM 21.9 million, while compact cameras grew by
nearly 70 percent to DM 22.4 million. Other business sectors such as
binoculars, telescopes and projectors, showed significant increases."