Plus   Neg

NTT H1 Profit Rises; Lifts FY Net Income View, Backs Sales Forecast

Nippon Telegraph and Telephone Corp. (NTT) reported Friday that its first-half net income attributable to NTT increased 10.8 percent to 527.5 billion Japanese yen from 476.10 billion yen a year ago.

Earnings per share grew to 262.84 yen from 230.90 yen a year ago. Operating income of 975.2 billion yen increased 5.3% year-on-year.

Operating revenues grew 2.5 percent to 5.67 trillion yen from 5.52 trillion yen last year. Overseas sales of $9.33 billion climbed 16.9% year-on-year.

The company reported increase in operating revenues and operating income in the Long Distance and International Communications business and the Data Communications business segment.

Looking ahead, for fiscal 2017, the company now expects attributable net income of 880 billion yen, up 10 percent year-over-year, and earnings per share of 440 yen

The company previously expected attributable net income of 830 billion yen, an increase of 3.7%, and earnings per share of 414 yen, up 5.9%.

Operating income is still expected to increase 3.3% to 1.59 trillion yen. Operating revenue is expected to be 11.75 trillion yen, an increase of 3.2% year-on-year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
BlackRock Inc., the world's largest asset manager, said it plans to speak with gun makers and distributors following public outcry after the Florida high school shooting that killed 17 people. BlackRock, which had $6.3 trillion in assets under management as of December 31, 2017, holds shares in gun makers Sturm Ruger & Co. Inc. as well as American Outdoor Brands Corp. An upgraded boarding in Southwest Airline will cost you more. The airline usually not assign seats to passengers, but one can choose from an open seat. The Upgraded Boarding will allow passengers to choose from A1 - A15 boarding positions. The cost for these positions would be $30, $40 and $50, depending on flight and route. This option can be availed from the ticket counter or gate. Citigroup Inc.'s co-head of mergers and acquisitions, Peter Tague, is leaving the company, according to media reports, citing people familiar with the matter. Tague has been co-head of Global M&A business at Citigroup since March 2012, alongside Cary Kochman and Mark Shafir. It was not immediately clear what Tague intends to do after he leaves Citigroup.
comments powered by Disqus
Follow RTT