TOKYO (AP) _ Nippon Telegraph & Telephone Corp. (NTTYY) on Friday reported net income of $536.1 million in its fiscal fourth quarter.

The Tokyo-based company said it had net income of 16 cents per share.

The telecommunications company posted revenue of $27.88 billion in the period.

For the year, the company reported profit of $7.87 billion, or $2.13 per share. Revenue was reported as $109.47 billion.

NTT shares have declined 13% since the beginning of the year. The stock has decreased 1% in the last 12 months.

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Automated Insights, source Associated Press News