NEWS > Business
Kodak posts loss of$12 mln in 4th quarter
2005-01-27 00:47:02 XinhuaEnglish

í@WASHINGTON, Jan. 26(Xinhuanet)-- Eastman Kodak Co. reported on Wednesday that it posted a preliminary loss of 12 million dollars in the fourth quarter of last year, mainly because of one-time costs to cover job cuts.

Kodak, the biggest film manufacturer in the United State, said that it lost the equivalent of 4 cents a share, compared with a profit of 19 million dollars in
the October-December period, or 7 cents a share, a year ago.

Digital product revenues increased by 40 percent to 1.78 billion dollars in the fourth quarter, propelled by a nearly 50 percent jump in sales of both digital cameras and photo kiosks.

In all of 2004, Kodak earned 649 million dollars, up sharply from 265 million dollars in 2003. Sales rose 5 percent to 13.52 billion dollars from 12.9 billion in the previous year.

However, the company also cautioned that it found errors related to its income taxes in 2004 that might require a restatement.

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