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Tough trading jolts JVC

February 1st, 2007 · No Comments

Victor Company of Japan (aka JVC) has posted woeful third quarter financial figures. The company has announced consolidated sales of 205 billion yen, down 15 per cent year-on-year. It’s operating income of 0.7 billion yen represents a 48 per cent drop compared to the same period last year. JVC blames tough trading in consumer electronics and declines in sales of CRT and D-ILA TVs.
Profits from consumer electronics declined year-on-year in Japan. Bright spots in Europe were provided by its camcorder range and LCD TV lineup, but this was impacted by its elimination of DVD recorders and sluggish sales of audio products. Total sales in the consumer electronics segment were 154.0 billion yen, down 17 per cent year-on-year

Tags: LCD TV · Miscellaneous items · Trade

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