Kodak posts bigger loss, but sees mid-2013 bankruptcy exit

The Kodak logo is seen outside the Kodak factory in Rochester, New York(Reuters) – Eastman Kodak Co fourth-quarter loss more than tripled, but the camera pioneer said on Monday that it is on track to emerge from bankruptcy in the middle of 2013 as it shifts its business focus toward printing from photography. Kodak's quarterly net loss widened to $ 402 million from $ 117 million, as net sales fell 24 percent to $ 1.12 billion, according to regulatory filings. For all of 2012, Kodak's loss increased 80 percent to $ 1.38 billion, although the loss was $ 308 million excluding reorganization and restructuring costs. Full-year net sales dropped 20 percent to $ 4. …

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