Sales Of Consumer Printers Bolster Kodaks Performance
Kodak's sales of printers and other consumer inkjet systems were up by 128 per cent during the third quarter of 2009 when compared with results for the same period last year.
Figures from the ink cartridge manufacturer revealed that the total gross profit was 20.3 per cent of sales, a decline from 27.5 per cent in 2008.
Global sales reached totaled $1.781 billion (£1.07 billion), a figure which was 26 per cent less than the $2.405 billion seen during the third quarter of 2008.
Antonio M Perez, chairman and chief executive officer at Eastman Kodak Company, said: "Our consumer inkjet hardware and ink products enjoyed another quarter of revenue growth that exceeded 100 per cent, earning us a larger share of the market."
"Commercial inkjet customer commitments for our Prosper Press Platform continue to grow rapidly in anticipation of delivery beginning in early 2010."
Further findings showed that revenue from Kodak's digital businesses reached $1.209 billion during the three-month period, a figure which was down by more than a quarter from $1.641 billion.
Posted by Tom James