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Yahoo Japan's Net Profit Rises 7.6%

1:33 am on Jul 23, 2011 (gmt 0)

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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.