Imation reported about the incomes for the 3rd quarter of 2008
The corporation Of imation published its financial results for the passed block, which was ended on September 30, 2008. Basic indices for the 3rd quarter of 2008 are such:
the aggregate profit of company for the block i composed 527.5 mln., that to i 2 mln. greater than last year;
loss from the basic activity of company composed i 8.7 mln., which enters in $16.3 mln., to the restructuring and other expenditures, about which previously it communicated in the program of restructuring. Without these expenditures the operating profit of campaign in the 3rd quarter of 2008 i would be equal 7.6 mln.;
the distributed profit (loss) to the action i composed 0.16, in comparison with the [raspredelennoy] profit to the action from the basic activity in the size i 0.24 for the 3rd quarter of 2007. Excluding expenditures for restructuring and other expenses, which comprised i 0.27 to the action, the distributed profit to the action would compose i 0.11, in comparison with i 0.23 year ago;
general available calculation for the 3rd quarter i composed by 112.8 mln. available profits from the basic activity it comprised i 8,6 mln.
Commenting on the passed block, the President and CEO of the company Of imation of Frank [Russomanno] (Frank Of russomanno) reported that the incomes of company proved to be substantially lower than her forecasts. Demand in some regions of the USA, Europe and Japan was reduced. Was negatively said first of all reduction in consumer spendings for consumer electronics and optical carriers, some retail salesmen postponed or completely its abolished orders. “We is expected the influence of the same factors, also, in the fourth quarter of 2008 and, taking into account this, we continue to optimize the basic elements of our strategy” - said Frank [Russomanno]. Now company analyzes the structure of its expenses for the purpose of reduction of operating costs in the future.
the aggregate profit of company for the block i composed 527.5 mln., that to i 2 mln. greater than last year;
loss from the basic activity of company composed i 8.7 mln., which enters in $16.3 mln., to the restructuring and other expenditures, about which previously it communicated in the program of restructuring. Without these expenditures the operating profit of campaign in the 3rd quarter of 2008 i would be equal 7.6 mln.;
the distributed profit (loss) to the action i composed 0.16, in comparison with the [raspredelennoy] profit to the action from the basic activity in the size i 0.24 for the 3rd quarter of 2007. Excluding expenditures for restructuring and other expenses, which comprised i 0.27 to the action, the distributed profit to the action would compose i 0.11, in comparison with i 0.23 year ago;
general available calculation for the 3rd quarter i composed by 112.8 mln. available profits from the basic activity it comprised i 8,6 mln.
Commenting on the passed block, the President and CEO of the company Of imation of Frank [Russomanno] (Frank Of russomanno) reported that the incomes of company proved to be substantially lower than her forecasts. Demand in some regions of the USA, Europe and Japan was reduced. Was negatively said first of all reduction in consumer spendings for consumer electronics and optical carriers, some retail salesmen postponed or completely its abolished orders. “We is expected the influence of the same factors, also, in the fourth quarter of 2008 and, taking into account this, we continue to optimize the basic elements of our strategy” - said Frank [Russomanno]. Now company analyzes the structure of its expenses for the purpose of reduction of operating costs in the future.
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