Olympus, is expected to give prospects of gains by the end: June

TOKYO - Olympus of the Japan, said Tuesday that it would give its prospects for gains in 2011-2012 at the end of June and could draw from its imaging division disorder back into profit in 12 to 18 months.

British COO Michael Woodford, who took over as President and CEO of the endoscope and camera company operations on April 1, said in an interview that he is optimistic about the Outlook for the current year, after profits fell by 41% to 35.3 billion yen ($437 million) last year.

Woodford, 50, known to reduce the costs and the profit hike, European operations of the company said that the slump to a loss of 15 billion yen in the division of the camera for the year to March 2011 was "unacceptable."

He said it was expected to reduce costs and increase unit sales and unit prices back in the dark. But Olympus sold 8.1 million cameras in the year to March, is expected to sell more this year.

Production in the enterprise profitable endoscope was hit by the woes of supply chain in April and may after the earthquake on March 11 of Japan and the tsunami, but will recover by the summer and business plans to offset losses in production in July and ao?tWoodford said.

The company declined to give earnings guidance when it announced its annual results last week, due to uncertainties about the impact of disasters.

Woodford joined Carlos Ghosn Nissan and Sony's Howard Stringer among the small number of Japanese to manage a business in the country.

(Yen Japanese $1 = 80.795)

Las Vegas Sands 1 q profit lower than expected (AP)

LAS VEGAS - revenues climbing at stations in Macau and Singapore return casino operator has helped to Las Vegas Sands Corp. for a profit in the first quarter, but earnings as it reported Tuesday fell below Wall Street expectations.

Sands shares plunged almost 10% after hours.

The company headed by billionaire CEO Sheldon Adelson reported net income of 228.2 million, compared to a loss of $ 28.9 million a year earlier. He said its earnings amounted to 37 cents per share, excluding non-recurring items, but analysts were looking for 43 cents per share, on average, according to FactSet.

Income sands 2.11 billion, an increase of more than 50% a year earlier, squeaked past analysts expected $ 2.1 billion on average.

Shares in the company fell $4.47, or 9.7%, $41.40 after hours. They ended commercial regular, $1.64 or 3.5 45.87% $.

During a conference call with investors, Adelson immediately face questions about whether if the company was disappointed with the performance of the casino to its new Singapore in the first quarter.

"You talk about very large sums," said Adelson. "Pretty soon Singapore will be delivering more (earnings) than the Las Vegas Strip everything."

Adelson, who remained optimistic about the company of family control, even during much more steep dips stocks over the past three years, said sands is satisfied with its results in the gambling enclave of la China, Macau and sees even more potential there.

"We have the largest footprint in the largest gaming market in the world and we are eager to take advantage of the significant opportunities for organic growth from us," said Adelson. "I have no doubt that we will achieve even greater success in the months and years to come."

Sands has said that its revenues in Macau increased 22.6% to 1.16 billion for the quarter. He saw revenues of 584.9 million for the quarter at Singapore, where his casino of Marina Bay sands opened in the second quarter of last year.

Income from the business in Las Vegas was 305.1 million, up to 8% from a year earlier, and its casino in Bethlehem, PA, where a tower 300 rooms is scheduled to open this month, brought in revenue of $ 91 million., up to 35%. The casino at a former Bethlehem steel mill opened in May 2009.

Adelson blamed bad luck in Las Vegas and Singapore for it drops in society take percentage - the ratio of how much he won clients how much bet.

"A month of low expectation is not a year," said Adelson. "But think to having the Las Vegas Strip all reside in two casinos (at Singapore) and we who separated."

Sands said he had 3.13 billion in unrestricted cash with 658.9 million allocated mainly to the construction in Macau. The Las Vegas-based company said that its total debt was $ 10.1 billion, with 652.3 million due this year.