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Japan mobile carrier KDDI reports profit nearly doubled over 2012 Q3

AFP
January 29, 2013, 12:06 am TWN

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TOKYO -- Japanese mobile carrier KDDI said Monday that its profit in the fiscal third-quarter nearly doubled from a year earlier thanks to strong sales of smartphones, including Apple's iPhone.

The country's second-biggest mobile firm said it earned 100.49 billion yen (US$1.12 billion), up from 54.22 billion yen a year earlier, while logging a 7.5 percent increase in revenue to 969.98 billion yen.

For the first three quarters of its fiscal year that ends in March, KDDI said net profit slipped 7.3 percent from a year ago to 180.25 billion yen, mainly due to one-off costs, on slightly higher sales.

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