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DDI reports interim pretax group loss of 4.62 bil. yen.

TOKYO, Nov. 15 Kyodo

DDI Corp., a long-distance telephone service provider, said Monday it incurred a consolidated pretax loss of 4.62 billion yen in the April-September first half of fiscal 1999.

The loss was due largely to an increase in operating and depreciation expenses resulting from the promotion of cellular phone services.

However, DDI posted a consolidated net profit of 10.90 billion yen thanks to the adoption of deferred accounting that smoothed out differences in timing between income for tax purposes and income for financial-reporting purposes.

Profit per share was 4,790.54 yen, down from 6,828.40 yen the same period last year.

Group operating revenues increased 8.7% to 672.34 billion yen.

On an unconsolidated basis, DDI registered a pretax profit of 21.75 billion yen, up 79.7% over a year earlier, but a net loss of 39.18 billion yen on operating revenues of 318.97 billion yen, up 8.6%.

The company plans to pay an interim dividend of 895 yen per share, unchanged from the first half of fiscal 1998.
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Comment:DDI reports interim pretax group loss of 4.62 bil. yen.
Publication:NTT Topics
Geographic Code:9JAPA
Date:Nov 22, 1999
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