The company outlines that its consumer inkjet printer and ink revenue grew by 50 per cent. Profits from the company’s digital portfolio showed year-over-year improvement for the third consecutive quarter.

Kodak also reported that its Graphic Communications Group second-quarter sales were $656m, compared with $670m in the prior-year quarter. Second quarter earnings from operations for the segment improved by $28m to break-even, compared with a loss the year before.

The company outlines that the improvement in the Graphic Communications Group was primarily driven by lower raw material costs, increased volumes of digital plates, and improved operational performance, particularly within Digital Printing and Prepress Solutions, partially offset by negative price/mix.

Film, Photofinishing and Entertainment Group revenue totalled (US)$466m, a 21 per cent decline from $593m in the second quarter of 2009.

Antonio Perez, CEO of Kodak says, “We continue to gain share in our growth businesses, maintain cost discipline, and drive improved profitability. Our new digital businesses, particularly consumer and commercial inkjet, continue to gain traction, with sales growth outpacing the competition.”

He continues, “We remain focused on building a leaner, more competitive company powered by innovative products that compete in large, new markets. Given the solid digital unit growth that we saw in the first half of the year, we continue to target full-year revenue of $7.5bn to $7.7bn, reflecting the increasing strength of our digital portfolio.”

The company reported a second-quarter loss from continuing operations of $167m, compared with a loss of $191m in 2009.

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