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| eAccess Shows Gains, Net Profit in First Quarter |
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Tokyo, Aug 6, 2009 (JCN) - eAccess Ltd. likely made a group pretax profit of around 1.8 billion yen (US$18.9 million) in the April-June period thanks to the acquisition of ADSL service provider Acca Networks Co. and smaller losses in its cellular phone business. The results would mark the telecommunications service provider's first pretax profit for the April-June quarter in three years.
Sales appear to have declined 11 percent about 21.5 billion yen (US$230 billion) as low-priced data cards accounted for a higher proportion of the company's overall cellular phone hardware sales. The sales figures are in line with eAccess' initial projections. Operating profit is believed to have soared 43 per cent to roughly 5 billion yen (US$52.8 million).
The absorption of Acca Networks helped eAccess reduce sales and administrative costs by consolidating its ADSL operations. In addition, losses at cellular phone unit Emobile Ltd. likely shrank by some 2 billion yen, with a net subscriber increase of nearly 40 per cent, or 262,000, sharply pushing up revenue.
Net profit probably came to around 300 million yen (US$3.2 million), compared with a 2.8 billion yen (US$26.6 million) net loss a year earlier.
Copyright © 2010 JCN. All rights reserved. A division of Japan Corporate News Network KK.
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