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Docomo accelerates customer growth, results still lower
2014-01-31 10:14:00| Telecompaper Headlines
(Telecompaper) NTT Docomo posted a small drop in results for the first nine months of its fiscal year, but reiterated its forecast for growth over the full year, as it maintains its focus on selling more smartphones and associated services. Revenues for the nine months to December were down 0.2 percent from a year earlier to JPY 3.363 trillion, as stronger customer growth could not offset heavy discounts offered to fight off competition. The group targets an improvement in the final quarter to reach 3.8 percent sales growth over the full year. Despite already exceeding its annual target for cost reductions, operating profit in the nine months fell 1.9 percent to JPY 688.7 billion. The Japanese operator said it plans more efficiency measures, as it targets a JPY 2.8 billion rise in annual operating profit. Net profit for the nine months was up 3.3 percent to JPY 430.2 billion and is forecast to grow 3.9 percent over the full year. The company accelerated net subscriber additions to 410,000 in the fiscal third quarter, including 279,000 in December alone, helped by the start of iPhone sales last September. However, discoutn campaigns led to a drop in ARPU to JPY 4,570 over the nine months, versus JPY 4,890 a year ago. For the spring sales season, Docomo said it plans to target the youth market and families more, as well as continue its focus on expanding LTE users, improving its channels and after-sales support and adding revenues through news services such as dmarket.
Tags: results
customer
lower
growth
TSX to open lower amid mixed earnings news, traders await Fed announcement
2014-01-29 15:32:57| Railroads - Topix.net
The Toronto stock market looked to open lower Wednesday as emerging markets took measures to protect their currencies while traders awaited an afternoon announcement at the end of the Federal Reserve's interest rate meeting.
Lower steel prices, accounting charges impact Nucor earnings
2014-01-28 22:01:27| Steel - Topix.net
Nucor Corp. says its earnings were up for the fourth quarter but down for 2013 overall, with net income totaling $488 million, or $1.52 per diluted share, for the year.
Tags: prices
lower
impact
accounting
After loss, LG sees lower profit, currency risks
2014-01-27 16:44:06| Electronics - Topix.net
In this Tuesday, Nov. 5, 2013, file photo, LG Electronics's smartphone G Flex is displayed during a media event at its head office in Seoul, South Korea.
Tags: lower
loss
profit
currency
Siemens JET process enables more flexibility in steel production, lower CO2 emissions
2014-01-26 13:30:29| Green Car Congress
Tags: process
lower
production
steel
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