Kodak upbeat despite 2012 losses

Kodak filed its annual report for 2012 earlier this week, which show a mixed picture, although Kodak still claims that it is on course to emerge from its chapter 11 position by the middle of this year.

Kodak has said that its future business will concentrate on two sectors, Digital printing and Enterprise and Graphics, plus Entertainment and commercial films, which together make up its Commercial imaging division. This area still made a net loss, though it improved by $278m on the previous year.

Those costs associated with selling, general and administrative fell by $226m, thanks to cost reductions but Kodak’s overall revenue also fell by 20 percent to $4.11 billion. Overall Kodak made a consolidated net loss of $1.38 billion during 2012. Despite this, Kodak is forecasting an operating profit of $167m this year.

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