Most Popular

1
Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
2
Korea’s homegrown nanosatellite successfully launches into space
3
[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
4
Nicaragua shuts down Seoul embassy
5
Medical reform committee kicks off despite boycott from doctors

6
Hybe's multilabel system tested amid conflict with Ador
7
SNU profs to suspend treatment for one day
8
Rocket engine expert, ex-NASA exec to lead Korea's new space agency
9
Over-50s, men, single-person households take up majority of those filing for bankruptcy
10
SK hynix pledges W20tr to ramp up DRAM production at home

NewsletterSubscribe

Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

KT’s Q1 net profit falls 23.3%

By 임정요

Published : April 29, 2016 - 10:39

- Link copied

South Korea’s telecom giant KT Corp. said Friday that its first-quarter net profit dropped 23.3 percent from a year earlier on increased costs and a slowdown in the fixed-line telephony business.

KT Corp. headquarters in downtown Seoul. (Yonhap)

Net profit stood at 215.14 billion won ($189.2 million) in the January-March period on a consolidated basis, down from the previous year’s 280.59 billion won, the company said in a regulatory filing.

Operating profit, however, rose 22.8 percent on-year to 385.13 billion won, and revenue grew 2.2 percent to 5.52 trillion won.

(khnews@heraldcorp.com)

KT’s Q1 net profit falls 23.3%

More from Headlines