Tokyo, Japan. Marantz has reported a 90% drop in profits for the first half of 1996. Sales were down 15%, with almost all products performing poorly. Notable weaknesses included audio equipment in Europe, satellite broadcast equipment in the US, and karaoke machines in Japan.
Marantz expects new product launches to help revenues recover somewhat in the second half. But the company is still forecasting a 7% drop in sales and a 39% drop in profit for the year ending in December.
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