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KT's Q4 operating profit jumps 68.4 pct

All News 08:03 February 01, 2017

SEOUL, Feb. 1 (Yonhap) -- KT Corp., a South Korean telecom company, said Wednesday its operating profit for the fourth quarter of last year jumped 68.4 percent from a year earlier, thanks to a solid rise in revenue from wireless Internet services.

KT posted an operating profit of 147.2 billion won (US$126.5 million) for the October-December period last year, compared with a profit of 87.4 billion won for the same quarter in 2015, the company said in a regulatory filing.

Fourth-quarter net income stood at 162.8 billion won, and sales rose 1.7 percent on-year to 4.5 trillion won, KT said.

For all of 2016, KT's operating profit rose 11.4 percent on-year to 1.4 trillion won, while sales grew 2.1 percent on-year to 22.7 trillion won, KT said.

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