NTT 9M Net Profit Up, Operating Profit Down; Backs FY Outlook - Quick Facts

Japan's Nippon Telegraph and Telephone Corp. or NTT (NTT) reported Thursday that its profit attributable to the company for the nine months ended December 31, 2019 increased 0.6 percent to 796.92 billion yen from 792.13 billion yen last year. Earnings per basic share were 214.20 yen, up from 203.25 yen last year.

Operating profit, meanwhile, declined 5 percent to 1.45 trillion yen from 1.53 trillion yen in the prior year.

Operating revenues were 8.86 trillion yen, up 0.8 percent from 8.80 trillion yen last year.

Overseas sales grew 4.8 percent from last year to $14.7 billion. Overseas operating income margin dropped 0.6 percentage points to 2.5 percent.

For the Fiscal Year Ending March 31, 2020, the company continues to expect attributable net profit of 855 billion yen or 231.00 yen per basic share, operating profit of 1.55 trillion yen and operating revenues of 11.89 trillion yen.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Electric Company (GE) said it delivered a strong third quarter as orders grew, and margins continued to improve from a year ago. Adjusted GE Industrial organic profit increased 54% year-on-year, organically, driven primarily by increases at Aviation and Power, partially offset by decreases at... Ward Hill, Massachusetts-based Cedar's Mediterranean Foods is recalling Cedar's Organic Mediterranean Hommus citing undeclared pine nut, an allergen, the U.S. Food and Drug Administration said. The Cedar's Organic Mediterranean Hommus is packaged in a 10 oz. plastic container, with a UPC Code: 044115403028. Shares of UBS Group AG were gaining around 2 percent in Swiss trading after the banking major reported Tuesday higher profit in its third quarter with growth in net interest income. Further, the company said it intends to repurchase up to $0.6 billion of shares during the fourth quarter. The company will provide strategic update on February 1, 2022.
Follow RTT