KDDI bottom-line hit by Myanmar loss
KDDI downgraded its profit forecast for the fiscal year, predicting a 6.3 per cent decline due its subsidiary in Myanmar booking a provision of JPY105 billion.
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KDDI downgraded its profit forecast for the fiscal year, predicting a 6.3 per cent decline due its subsidiary in Myanmar booking a provision of JPY105 billion.
TOKYO : Japanese trading house Sumitomo Corp said on Wednesday it will book a provision of 35 billion yen ($230 million) in its results for the year just ended to account for impaired loans at its telecoms joint venture in Myanmar.KDDI Summit Global will record a 105 billion yen provision in the financial
Joseph Waring investigates Myanmar's mobile market, where some players have cut their losses, but KDDI has decided to ride out the storm.
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