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|Yahoo Japan's Net Profit Rises 7.6% |
| 1:33 am on Jul 23, 2011 (gmt 0)|
|Yahoo Japan's Net Profit Rises 7.6% [online.wsj.com] |
Yahoo Japan Corp. said Friday that its net profit for the April-June quarter rose 7.6% from a year earlier on a continued increase in advertising revenue.
The operator of Japan's most popular Internet portal site said its group net profit for the fiscal first quarter increased to ¥23.31 billion ($297.70 million) from ¥21.66 billion a year earlier.
For the three-month period, the company's operating profit also increased 3.3% to ¥38.83 billion from ¥37.61 billion, while revenue rose 1.9% to ¥71.88 billion from ¥70.51 billion.
The company said it expects its net profit to be in a range from ¥46.01 billion to ¥47.31 billion for the first half ending Sept. 30.
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