By Daniel Hunter

Japanese camera maker Olympus have said their ongoing battle with an accounting scandal has seen their profits drop for the last nine months of 2011.

During that period the company reported a 33.09 billion yen (£269 million) loss, where as during the same period in 2012 they had made a 5.84 billion yen profit.

This news comes following recent revelations from former chief executive, Michael Woodford, that there were accounting irregularities at the firm. This was backed by the firm admitting they had hidden losses of $1.7 billion for as long as 20 years.

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