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SK Telecom, the nation’s top mobile operator, said Tuesday its first-quarter net profit shed 22.7 percent from the same period a year ago, affected by business suspensions ordered by telecom authorities in the first quarter.
Net profit came to 267.3 billion won ($259 million) in the January-March period, compared with the 345.9 billion won tallied a year earlier, SK Telecom said in a regulatory filing.
Revenue rose 3.4 percent on-year to 4.2 trillion won, while the firm’s operating profit slipped 37.6 percent to 252.3 billion won.
Analysts earlier expected the company’s first-quarter operating profit and net income to hit 303 billion won and 257.4 billion won, respectively.
In 2013, the company posted a net profit of 1.6 trillion won. Its revenue advanced 2.9 percent to 16.6 trillion won, and operating profit increased 16.2 percent to 2.1 trillion won. (Yonhap)
Net profit came to 267.3 billion won ($259 million) in the January-March period, compared with the 345.9 billion won tallied a year earlier, SK Telecom said in a regulatory filing.
Revenue rose 3.4 percent on-year to 4.2 trillion won, while the firm’s operating profit slipped 37.6 percent to 252.3 billion won.
Analysts earlier expected the company’s first-quarter operating profit and net income to hit 303 billion won and 257.4 billion won, respectively.
In 2013, the company posted a net profit of 1.6 trillion won. Its revenue advanced 2.9 percent to 16.6 trillion won, and operating profit increased 16.2 percent to 2.1 trillion won. (Yonhap)
