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Canon reports sales, profit growth

Canon, the camera and imaging products maker, reported on Thursday earnings of $1.27 billion, or $1.45 per share, for 2001--a 24 percent increase from results the previous year. Revenue was $22 billion, a 7.8 percent increase over 2000. The global technology slump affected demand for the Japanese company's printers, copiers and other business products, Canon said. But sales of digital cameras more than doubled, helping the company's overall camera sales reach $2.89 billion, an increase of almost 20 percent over the previous year.

Canon, the camera and imaging products maker, reported on Thursday earnings of $1.27 billion, or $1.45 per share, for 2001--a 24 percent increase from results the previous year. Revenue was $22 billion, a 7.8 percent increase over 2000.

The global technology slump affected demand for the Japanese company's printers, copiers and other business products, Canon said. But sales of digital cameras more than doubled, helping the company's overall camera sales reach $2.89 billion, an increase of almost 20 percent over the previous year.