TOKYO: Nippon Telegraph and Telephone Corp (NTT), the world’s largest telecoms group by sales, has reported a nearly 12-fold jump in first-half net profit, thanks to cost cutting, with no big overseas losses hurting its bottom line this time.
And for the full year to next March, NTT has raised its net profit forecast by 28% to 582 billion yen (US$5.35bil), which would be more than double the figure for the last business year.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
