Brother Reports Decline in Q1

Like other OEMs impacted by the COVID-19, Brother reports decline in the first quarter of the fiscal year ending March 31, 2021. Some highlights include: Revenue was of 133,186 million yen (US$1.26 billion), down 16.4% comparing with the same period in 2019 Business segment profit declined 51.1% to 8,622 million yen (US$81.59 million) Operating profit dropped 48.8% to 9,263 million yen (US$87.66 million) Profit before income taxes decreased by 47.5% to 9,461 million yen (US$89.52 million) Profit Read more about Brother Reports Decline in Q1[…]