World VoIP NewsNTT reports fall in profitNTT reports fall in profit

NTT reports fall in profit


voip, mobile phone, mobile networks
Japan’s largest telecoms group Nippon Telegraph and Telephone (NTT), which is 34%-owned by the state, today reported consolidated net profit of JPY136.75 billion (USD1.53 billion) for the fiscal third-quarter ended 31 December, down from JPY137.73 billion a year ago.
Japan’s largest telecoms group Nippon Telegraph and Telephone (NTT), which is 34%-owned by the state, today reported consolidated net profit of JPY136.75 billion (USD1.53 billion) for the fiscal third-quarter ended 31 December, down from JPY137.73 billion a year ago.

The former monopoly operator attributed the fall to accounting changes, a decline in sales at its fixed line division and the impact of mobile price cuts. Group revenue dipped 1.6% year-on-year from JPY2.57 trillion to JPY2.53 trillion, although the telco maintained its full-year outlook, forecasting net profit of JPY460 billion on revenue of JPY10.17 trillion. Operating profit, or sales minus the cost of goods sold and administrative expenses, climbed 12% y-o-y to JPY301.3 billion, broadly in line with analyst estimates for operating income of between JPY301.2 billion and JPY302.3 billion respectively, and revenue ranging from JPY2.51 trillion to JPY2.56 trillion.


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