Japan's Fujifilm jumps in Tokyo trading after company releases results early

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TOKYO : Shares in Fujifilm Holdings Corp surged in early Tokyo trading on Thursday after the camera and drug maker released half-year earnings ahead of schedule, revealing a jump in sales and profit. Fujifilm shares surged as much as 4.8per cent versus a 1per cent advance on the benchmark Nikkei index.

TOKYO : Shares in Fujifilm Holdings Corp surged in early Tokyo trading on Thursday after the camera and drug maker released half-year earnings ahead of schedule, revealing a jump in sales and profit.

Fujifilm shares surged as much as 4.8per cent versus a 1per cent advance on the benchmark Nikkei index. The company, which was scheduled to release the results after market close at 3 p.m. in Tokyo, said it had inadvertently sent them to some overseas institutional investors early. That prompted Fujifilm to publish the results in Japan at 9:05 am.For the half-year, Fujifilm's sales rose 21per cent to 1.21 trillion yen , while operating profit jumped 91per cent to 107.9 billion yen. The company raised full-year forecasts for both.

Traditionally known for photography and office equipment, Fujifilm is undergoing a three-year, US$11 billion investment plan to cement healthcare as its biggest centre of revenue and profit.

 

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