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NTT sees FY profit grow 12%

2013-05-13 02:26:00| Telecompaper Headlines

(Telecompaper) Japanese telecommunications group NTT posted a net profit of JPY 524.1 billion for the fiscal year ended 31 March, up 12.1 percent from JPY 467.7 billion in FY 2011. The profit missed the guidance of JPY 530 billion. Revenues went up 1.8 percent to JPY 10.70 trillion from JPY 10.51 trillion, lower than the forecast of JPY 10.81 trillion. However, operating income fell 1.7 percent to JPY 1.20 trillion due to a decrease in operating income from the mobile communications business partially offset by increases in operating income in the data communications business and long distance and international communications business. In FY 2013, NTT expects revenues of JPY 11.0 trillion, up 2.8 percent, while net income is expected to grow by 11.6 percent to JPY 585.0 billion.

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Category:Telecommunications

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