JAPAN TELECOM HOLDINGS ANNOUNCES FISCAL 2002 INTERIM RESULTS - 4

Condensed Consolidated Statement of Income

For the six months ended 30 September 2002 and 2001

(million yen)
Interim FY2002
30 September 2002
Interim FY2001
30 September 2001
Operating revenue 884,826 849,751
Operating costs and expenses 742,068 826,291
Operating profit 142,757 23,459
Non-operating revenue 142,757 23,459
Non-operating expenses 5,627 12,117
Ordinary profit 141,102 15,069
Extraordinary gains 395 18,876
Extraordinary losses 5,859 2,639
Profit before income taxes 135,638 31,305
Net profit (loss) 43,524 (5,189)
EBITDA 269,265 142,497
EBITDA margin (%) 30.4% 16.8%