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Article: NTT DoCoMo's Group Net Profit Triples
- Article from:
- AP Online
- Article date:
- May 7, 2004
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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AP Online
05-07-2004
Dateline: TOKYO
Japan's top mobile phone carrier, NTT DoCoMo Inc., said Friday its group net profit more than tripled for the last fiscal year as subscribers to its advanced generation mobile phone service rose sharply.
Fewer investment losses by its affiliates also helped lift profits, the company said.
NTT DoCoMo said its group net profit soared to 650 billion yen ($5.9 billion) in the 12 months ended March 31, more than three times the 212.5 billion yen it reported a year earlier.
The company did not release figures for just the January-March quarter.
DoCoMo owed part of its success to a 10-fold increase in subscribers to its third-generation mobile phone service, ...