KDDI net profit falls 17%

KDDI net profit falls 17%

KDDI net profit falls 17%
Local Japanese News In English

Japanese telecom operator KDDI said Thursday net profit for the December quarter fell 17 percent on falling income from voice calls but raised its full-year revenue outlook thanks to iPhone 4S sales. The country's number two telecom firm said its net profit for the fiscal third quarter dropped to 54.2 billion yen ($698 million) from 65.7 billion yen in the same period a year earlier. Operating profit for the quarter fell 5.4 percent to 117 billion yen from 124 billion yen a year earlier, it said. But it did say revenue for the three months increased 5.7 percent to 902 billion yen on the back of increased data traffic due to solid demand for smartphones. (AFP)
Source: News On Japan