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Broadband

KDDI's quarterly profit plunges 9% on declining operating income

Tuesday 6 August 2019 | 09:33 CET | News
Japanese operator KDDI saw its operating revenue grow 2 percent to JPY 1.24 trillion in the three-month period ended 30 June 2019. Revenue growth was mainly due to the expansion of mobile telecommunication fees, the energy business to develop the "au Economic Zone", commerce business, the settlement business, and the finance business after making Jibun Bank Corporation a consolidated subsidiary, the operator said. The increase was achieved despite a decline in handset sale revenues. Profit for the period dropped 9 percent to JPY 162.55 billion mainly due to the decrease in operating income.

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Categories: Fixed
Companies: KDDI
Countries: Japan
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