Epson’s profits increase by 34% on sales of 7.7%

Epson announced that its net profit gained 34% to 112.7 billion yen on sales of 1.086 trillion yen, a 7.7% gain, for the last fiscal year, ended March 2015. Favourable sales of larger ink tank inkjet printers targeted at the emerging economies and a weaker yen. Net profit increased by 10.4% to 112.7 billion yen. The information related equipment segment showed a 7.8% gain in sales which was about 907 billion yen. This includes 699.7 billion yen of printing system sales and visual communications like projectors. Their sales garnered a profit of 186.9 billion yen. Presently, the company is expanding its larger ink tank models in emerging economies and developed nations too.