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KT's net turns to profit in Q4

All Headlines 11:55 February 12, 2019

SEOUL, Feb. 12 (Yonhap) -- KT Corp. said Tuesday it swung to a net profit in the fourth quarter.

In a regulatory filing, South Korea's major telecommunication company said it logged 18.1 billion won (US$16 million) in net profit in the October-December period.

Its operating profit tumbled 28.4 percent on-year to 95.8 billion won, and its sales slipped 1.8 percent to 6 trillion won in the last three months of 2018, the company said.

KT's net turns to profit in Q4 - 1


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