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KT turns to profit in 2015

All News 07:42 January 29, 2016

By Kang Yoon-seung

SEOUL, Jan. 29 (Yonhap) -- South Korean telecom giant KT Corp. said Friday that it turned a profit in 2015.

Net profit came to 631.3 billion won (US$523.4 million) last year, compared with the net loss of 966 billion won posted in 2014, KT said in its regulatory filing based on the consolidated basis.

Sales edged down 0.1 percent to 22.2 trillion won, while operating performance also turned to a profit of 1.2 trillion won, compared with the loss of 406.6 billion won posted a year earlier.

Shares of KT closed 0.37 percent lower at 26,900 won on Thursday, when the market closed 0.48 percent higher. The fourth-quarter earnings result was released before the market opened Friday.

colin@yna.co.kr
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