Japan phone giant NTT June quarter net profit 1.7 billion dollars
AFP, August, 2004
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TOKYO (AFP) ? Japanese telecom giant Nippon Telegraph and Telephone Corp (NTT) said that it posted fiscal first quarter to June net profit of 185.8 billion yen (1.7 billion dollars), with a sizeable contribution from its mobile phone unit.
NTT did not provide a year-ago comparative figure as it was the first time it had issued quarterly earnings results.
"All of our key subsidiaries, including NTT DoCoMo, have shown smooth progress in the first quarter in line with the projection," an NTT general manager, Tetsuya Obata, told reporters Thursday.
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In a statement NTT said pretax profit for the quarter came to 415.7 billion yen. It also said revenue reached 2.65 trillion yen, down from 2.67 trillion a year ago, the only year-on-year comparative figure provided.
Despite a major contribution from NTT DoCoMo, the group's wireless unit saw its ...
