Kodak finished the last quarter with a profit

Eastman Kodak company published a report for the last quarter.

The reporting period brought the legendary manufacturer of photographic equipment and photographs of 357 million dollars in revenue. This $ 20 million, or 5% less than last year. Taking into account changes in the exchange rate for the year income declined 14 million or 4%.

The result of the quarter was a net profit of $ 7 million. In the first quarter of 2016, the manufacturer has suffered losses in the amount of $ 15 million.

As at the end of the quarter at the disposal Kodak was 378 million dollars, which is less than last year. The manufacturer explains the seasonal costs of the warehouse.

Source: Kodak



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