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SK Telecom Co., the country’s top mobile operator, said Thursday its first-quarter net profit increased 15.2 percent from a year earlier gains from equity ties with its chipmaking affiliate and its market leadership in the long-term evolution market.
Net profit came to 346 billion won ($314 million) on a consolidated basis in the January-March period, compared with 300 billion won a year earlier, SK Telecom said in a regulatory filing.
Revenue rose 3.6 percent on-year to 4.1 trillion won, while operating profit declined 18 percent to 411 billion won.
The mobile operator attributed the rise in the first-quarter profit to SK Hynix Co. turning to the black in the first quarter, which boosted gains from equity ties with the world’s third-largest chipmaker.
In addition, its leadership in the LTE market and business growth in affiliates SK Broadband and SK Planet propelled its revenues. (Yonhap News)
Net profit came to 346 billion won ($314 million) on a consolidated basis in the January-March period, compared with 300 billion won a year earlier, SK Telecom said in a regulatory filing.
Revenue rose 3.6 percent on-year to 4.1 trillion won, while operating profit declined 18 percent to 411 billion won.
The mobile operator attributed the rise in the first-quarter profit to SK Hynix Co. turning to the black in the first quarter, which boosted gains from equity ties with the world’s third-largest chipmaker.
In addition, its leadership in the LTE market and business growth in affiliates SK Broadband and SK Planet propelled its revenues. (Yonhap News)
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Articles by Korea Herald
