Japan’s second largest telecoms group KDDI Corp has reported a 17% year-on-year fall in net profit to JPY54.2 billion (USD698 million) from JPY65.7 billion for its fiscal third quarter ended 31 December 2011, but raised its revenue outlook for the full year on the strength of iPhone 4S sales. The group booked operating profit of JPY117 billion in the period under review, down 5.4% from JPY124 billion a year earlier, although third-quarter revenue rose 5.7% to JPY902 billion fuelled by a rise in data traffic as more users buy its smartphones.
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OVETEL KDDI reports 17% fall in third-quarter profits
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