The Japanese cable TV operator Jupiter Telecommunications (J:COM) has reported a 10.4% drop in operating profit for the three months to 31 March 2012 to JPY18.48 billion (USD228 million). Programming and operating costs rose by 7.7% to JPY35.72 billion, while selling, general and administrative expenses increased 2.9% year-on-year to JPY17.94 billion. Meanwhile, sales were up just 0.8% at JPY92.51 billion.
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OVETEL Flat sales and increased expenses hit J:COM Q1 results
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