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LG Uplus Q1 net more than triples

By Korea Herald

Published : April 30, 2013 - 20:19

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LG Uplus Corp., South Korea’s No. 3 mobile carrier, said on Tuesday its first-quarter net profit more than tripled from a year earlier largely thanks to increased profit from its wireless service.

Net profit reached 74.3 billion won ($67.3 million) in the January-March period, compared with a profit of 22 billion won a year earlier, the company said in a regulatory filing.

Sales gained 12.6 percent on-year to reach 2.86 trillion won in the first quarter, and operating income also surged 85 percent to 123 billion won over the cited period. (Yonhap News)

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