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KT's operating income down 10.8 pct in Q2

All News 09:32 August 03, 2018

SEOUL, Aug. 3 (Yonhap) -- South Korea's No. 2 mobile carrier, KT Corp., reported a weak performance for the second quarter on Friday.

Operating profit came to 399.1 billion won (US$353.8 million) for the April-June period, down from 447.3 billion won tallied for the same quarter last year, the company said in a regulatory filing. This represents a 10.8 percent on-year fall.

Second-quarter net profit also decreased 8.8 percent on-year to 280.7 billion won, while sales came to 5.86 trillion won, down 0.6 percent over the cited period.

KT Corp.'s corporate logo on its office building in downtown Seoul (Yonhap)


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