Canon To Buy Back Up To $636 Million Worth Own Shares

Posted on Jul 30 2012 - 8:42am by Editorial Staff

Canon last week only announced its second quarter 2012 results with net sales worth $11.38 billion, and gross profit was $5.6 billion, but now seems like the company taking a step forward to begin afresh with new quarter: the camera company, said Monday that it plans to buy back up to 50 billion yen ($636 million) worth of its own shares, or up to 1.8 percent, between July 31 and September 10, the Nikkei reported. Canon even soon to be seen selling mirrorless camera from September, so with such a move on time will definitely result in bringing something positive for the company.

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.