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LG Uplus Corp., South Korea’s No. 3 mobile carrier, said on Monday it swung to the black in the second quarter from a year earlier largely thanks to increased profit from its wireless service.
Net profit reached 81.5 billion won ($73.5 million) in the April-June period, compared with a loss of 32.1 billion won a year earlier, the company said in a regulatory filing.
Sales slipped 0.9 percent on-year to reach 2.76 trillion won in the second quarter, and operating income reached 145 billion won, also shifting from an operating loss of 153 billion won. (Yonhap News)
Net profit reached 81.5 billion won ($73.5 million) in the April-June period, compared with a loss of 32.1 billion won a year earlier, the company said in a regulatory filing.
Sales slipped 0.9 percent on-year to reach 2.76 trillion won in the second quarter, and operating income reached 145 billion won, also shifting from an operating loss of 153 billion won. (Yonhap News)
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Articles by Korea Herald
