Its shares slid as much as 11.5%, the biggest decline on an intraday basis since July 2012. The Japanese maker of printers and scanners on Tuesday warned that the pandemic had dampened demand for printers and cameras more than anticipated, forcing it to slash its interim dividend. It also forecast an annual profit of 45 billion yen , missing the lowest of analysts’ estimates.
into areas such as diagnostic imaging equipment. After a decade of share price decline, it’s now grappling with the uncertainty of Covid-19 as corporations around the world tighten their belts.Diminished order flow for cameras and office printers remains a key challenge due to the threat of a collapse in corporate and consumer spending, and slow office reopenings in many countries.
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BUSINESS MAVERICK: Life after the pandemic: Kumba approves R7bn mine expansion projectEven amid the Covid-19 pandemic and global economic turbulence, companies are allocating capital to expansion projects. Kumba Iron Ore, a unit of Anglo American, has announced approval of funding for its R7-billion Kapstevel South project at the Kolomela mine in the Northern Cape province. This underscores Anglo’s commitment to South Africa.
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