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SK Telecom's profit plunges 72% in 2019 on equity losses at SK Hynix unit

Friday 7 February 2020 | 08:57 CET | News
South Korean operator SK Telecom saw its revenue grow 5.2 percent year-on-year to a record KRW 17.744 trillion in 2019. This revenue increase was mainly boosted by growth in SK Telecom's new business areas including media and security, as well as its expanding mobile business powered by the launch of 5G services, the company said. SK Telecom's net income plunged 72.5 percent to KRW 861.9 billion, due to factors including decreased equity method gains from SK Hynix.

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Categories: Mobile & Wireless
Companies: SK Broadband / SK Hynix / SK Telecom / T-broad
Countries: Korea, Republic of
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