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From £2bn to £4.5m. That's quite a fall...
Published: 8 May 2002 17:10 BST
NTT DoCoMo, the largest mobile phone operator in Japan, has announced slim profits for the year despite making massive cutbacks on overseas investments.
DoCoMo made a net profit of nearly £4.7m for 2001 after taking a non-cash writedown of almost £4.5bn for the year.
The small profit was still better than the company had expected. DoCoMo had said it would make just £2m.
Administrative cutbacks were the reason the company beat expectations, DoCoMo claimed.
For the previous financial year, the telco made a record £2bn.
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