KDD Corp. posted an unconsolidated pretax profit of 11.2 billion yen in the first half of fiscal 1999, up 118.5 percent from the same period a year earlier, the telecommunications carrier reported Friday.
KDD attributed the figure to increased sales of domestic and multimedia-related services during the April-September period.
The carrier posted 8.7 billion yen in operating profit on sales of 212.1 billion yen, up 47.2 percent from the same period in 1998. However, its net profit slipped 46.8 percent to 1.2 billion yen.
KDD, a former state-run international carrier, increased domestic sales to 55 billion yen following the launch of its new domestic service last summer. The domestic operation was expanded after merging with Teleway Corp. in December 1998.
However, the carrier posted a 600 million yen loss in the telecom business after its sales of international telephone services dropped 27 billion yen to 80.5 billion yen.
As a way of making up for the sales decline in international telephone services, the carrier generated revenue of 30.9 billion yen by leasing out its new high-capacity submarine cable. Its multimedia-related services also grew to 76.5 billion yen.
KDD is estimating 406 billion yen in sales for the full fiscal year and a net profit of 2.5 billion yen.