Canon announces financial results

Canon Middle East is looking forward to a healthy final quarter in 2003 after announcing its financial results for the first half of the year. The company claims 41 percent turnover increase over the same period last year.

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By  Kieran Potts Published  October 19, 2003

Canon Middle East is looking forward to a healthy final quarter in 2003 after announcing its financial results for the first half of the year.

The company says it has increased its turnover in the region by 41 percent over the same period last year.

"These results mark the tenth straight quarter of 35+ percent growth, unbroken since Canon Middle East became a full subsidiary in 2001," the company says in a statement.

These figures compare favourably with Canon's international growth for the same period: the company claims ten percent worldwide growth in net sales. Notable growth in this region is pinpointed to Saudi Arabia, UAE and Iran.

"This year has started extraordinarily well for Canon in the Middle East, with record results in many sectors," concludes Gordon Jones, president, Canon Middle East.

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