Seiko Epson Corporation (Epson) recorded a 58% drop in Q1 net profits to ¥19.9 billion ($159 million) from ¥47.4 billion ($379 million) on revenue which rose 6% to ¥260.9 billion ($2.1 billion) from ¥246.3 billion ($2.0 billion). The company blamed the drop in profit on the printing solutions division.
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