NTT Reports Declining Quarterly Profits

Nippon Telegraph and Telephone (JP:9432) has released an update.

Nippon Telegraph and Telephone Corporation (NTT) reported a decline in profits with operating profit, profit before taxes, and profit attributable to NTT for the quarter ending June 30, 2024, down by 8.2%, 25.7%, and 27.0% respectively compared to the previous year. Despite the downward trend, total assets increased slightly, and the company maintained a consistent equity ratio. No changes in dividends were announced, and the company will be holding a presentation for its Q1 financial results for analysts and institutional investors.

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