NTT July-September Group Net Profit Y142.7 Billion Vs Y230.8 Billion
For the July-September period, NTT posted a Y142.7 billion net profit, down from Y230.8 billion a year earlier, as revenue declined to Y2.495 trillion from Y2.571 trillion.
NTT's lackluster results mainly reflect weak performance at its unit, NTT DoCoMo Inc., Japan's biggest mobile phone services operator by subscriber numbers, in which NTT owns a stake of about 63%.
NTT DoCoMo reported recently that net profit for the three months ended Sept. 30 sank 20% from the year before due to a continued slump in call revenue and a falloff in sales of mobile handsets.
NTT, which bases its earnings on U.S. accounting standards, cut its revenue outlook for the year ending March 2010, expecting Y10.170 trillion, down from its earlier estimation of Y10.300 trillion.
By Yuzo Yamaguchi, Dow Jones Newswires; +813 6895 7563; yuzo.yamaguchi@dowjones.com
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Publié le 09 novembre 2009 Copyright © 2009 Dowjones
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