Corporate News: DoCoMo hit by spending; Mobile firm's profit falls 21% amid costs for marketing efforts

DoCoMo said Friday that the rise in costs contributed to the 21% decline in group net profit for the quarter, to 163.51 billion yen ($1.42 billion) from 207.86 billion yen a year earlier. The year- earlier results were boosted by the sale of DoCoMo's stake in Hutchison 3G UK Ltd. Even excluding...

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Bibliographic Details
Published inThe Wall Street journal Asia
Main Author Yukari Iwatani Kane and Kazuhiro Shimamura
Format Newspaper Article
LanguageEnglish
Published Hong Kong Dow Jones & Company Inc 31.07.2006
Subjects
Customer services
Market positioning
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Summary:DoCoMo said Friday that the rise in costs contributed to the 21% decline in group net profit for the quarter, to 163.51 billion yen ($1.42 billion) from 207.86 billion yen a year earlier. The year- earlier results were boosted by the sale of DoCoMo's stake in Hutchison 3G UK Ltd. Even excluding that, DoCoMo reported a 5.2% fall in operating profit, to 272.73 billion yen from 287.61 billion yen a year earlier.