Mobile, internet operations drive NTT 9M profits

5 Feb 2009

Japanese behemoth Nippon Telegraph and Telephone Corp (NTT) today reported a 70% jump in net profits for the period April-December 2008, fuelled by solid growth at its fixed line internet business and mobile division NTT DoCoMo. The Tokyo-based telco said profit for the period under review climbed to JPY544.08 billion (USD6.5 billion), up from JPY322.22 billion in the corresponding period of 2007. Group revenues fell from JPY7.84 trillion to JPY7.73 trillion, although operating profit rose by 16% from JPY874.38 billion to JPY1.01 trillion. NTT has maintained its full year outlook of net profits of JPY560 billion on sales of JPY10.6 trillion, for the twelve months to 31 March 2009.