Increased sales and profits at Hoya

Monday, November 10 2014 | 00 h 00 min | Financial News

Hoya posted an 18.6% increase in its profits for the second quarter of 2014, compared with the same period in 2013.

The Japanese company reported CA$1.2 million in sales (121,242 million yen) in this quarter. Its after-tax profit was almost CA$275,000 (27,323 million yen).

In the Life Care segment, which includes ophthalmic, contact and intraocular lenses, sales increased by 20.5%, compared with the same period last year, to CA$759,000 (75,493 million yen). This growth was driven by a significant increase in sales in overseas markets and through the inclusion of Seiko Optical Products.

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