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Over the past year significantly reduced the Canon profits

Net income of one of the largest manufacturers of digital cameras in the world decreased by 31.6% in 2016 compared to the year 2015. Last year it was equal to the index of 1,298 billion US dollars. These data are shown in the statements of Canon (headquartered in Tokyo, Japan), as reported UkrainianForbes.

For the fourth quarter of last year net profit of Canon has decreased by almost 35% (34.9%) to 44.830 billion yen (USD 390 million). Revenue, at the same time, become less 7.4%, to 965.173 billion yen (USD 8,4mlrd).

This year, the multinational company suggests that the US economy will recover stronger pace, due to the improvement in the labor market. Regarding Europe – there growth is expected to increase uncertainty due to the GB coming out of the number of EU countries (Brexit).

“As for the emerging economies, the forecast suggests restoring the economies of Russia and Brazil after the slowdown. Slowing economic growth in China is expected to continue, “- was noted in the document.

Also read: Statutory merger: Razer & Nextbit

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