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SK Telecom's Q1 profits down 22.7% year-on-year

Tuesday 29 April 2014 | 17:09 CET | News
Korea's SK Telecom posted a net profit of KRW 267 billion, down 22.7 percent compared to KRW 346 billion in the same period the previous year, the operator said in its earnings statement. Revenues for the quarter amounted to KRW 4.202 trillion, an increase of 3.4 percent compared to the year-ago quarter. SK Telecom said that revenue growth was boosted by the expansion of the LTE service and new businesses including B2B offerings. The operator's Ebitda reached KRW 956 billion in Q1, down 11.8 percent year-on-year, while the Ebitda margin decreased 3.9 percentage points to 22.7 percent. SK

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Categories: Mobile & Wireless
Companies: SK Telecom
Countries: Korea, Republic of
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