Fuji Photo Film yesterday reported a 57% fall in its annual operating profits fro 2005/6, reports Reuters. The decline of the film camera market, restructuring costs and the rising costs of manufacturing printing plates were to blame for the losses. Fuji Photo still maintain their committment to film, however, commenting “We will continue our film business until we become the last one”.

” The company has halved losses on digital cameras in the last business year compared with a year ago, Chief Financial Officer Toshio Takahashi said. Fuji Photo has struggled to profit from digital cameras, as its line-up is heavy on low-margin compact models. “We hope the current business of improvement will continue this year,” Takahashi said. “We’re not sure if it turns to a profit this year, but it would be good if we could.”

Website: Reuters - Fuji Photo profit falls, sees slow recovery