Thursday 9 August 2012

Olympus liquidity gauge drops, adds pressure for capital deal

Man passes behind a logo of Japan's Olympus Corp at the company headquarters in Tokyo TOKYO (Reuters) - Japan's Olympus Corp suffered a further deterioration in its ability to meet financial obligations as quarterly earnings slumped, adding pressure on the scandal-hit company to enter into a capital deal. Shareholders' equity fell to 2.2 percent of total assets in June from 4.6 percent in March, the company said on Thursday. That takes Olympus further away from the 20 percent level widely regarded by analysts as indicative of financial stability. ...




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