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SK Telecom Co., South Korea’s leading mobile operator, said Friday its second-quarter net profit edged up 6.4 percent from a year ago on reduced marketing costs amid business suspensions.
Net profit came to 497.6 billion won ($482.68 million) in the April-June period, compared with 467.7 billion won tallied a year earlier, SK Telecom said in a regulatory filing.
Revenue rose 4.6 percent on-year to 4.3 trillion won, while operating profit gained 0.1 percent to 546 billion won.
Analysts surveyed by industry tracker FnGuide earlier estimated the firm would post a net profit of 506.6 billion won, an operating income of 590.6 billion won and sales of 4.35 trillion won.
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 497.6 billion won ($482.68 million) in the April-June period, compared with 467.7 billion won tallied a year earlier, SK Telecom said in a regulatory filing.
Revenue rose 4.6 percent on-year to 4.3 trillion won, while operating profit gained 0.1 percent to 546 billion won.
Analysts surveyed by industry tracker FnGuide earlier estimated the firm would post a net profit of 506.6 billion won, an operating income of 590.6 billion won and sales of 4.35 trillion won.
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)
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Articles by Korea Herald
