TMCnet News
NTT's 1st-half net profit drops 10%, cuts full-year forecast(Japan Economic Newswire Via Acquire Media NewsEdge) Nippon Telegraph and Telephone Corp. said Friday that its group net profit dropped 10.3 percent from a year earlier in the first half of the fiscal year through September to 290.33 billion yen, dragged down by the slack mobile phone business. NTT, which oversees its mobile phone operation unit NTT Docomo Inc. and other telecom group companies, posted group sales of 5.37 trillion yen, up 2.0 percent. NTT Docomo was hit by lower revenue from its voice communication services amid tough competition with Softbank Corp. and KDDI Corp. For the full year to March, NTT cut its group net profit outlook to 529 billion yen from 586 billion yen and slashed sales forecast to 11.01 trillion yen from 11.20 trillion yen. ==Kyodo |