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October 20, 2018

LG Uplus’ net profit jumps 15% in Q4

PUBLISHED : February 01, 2018 - 11:22

UPDATED : February 01, 2018 - 11:22

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[THE INVESTOR] LG Uplus, Korea’s third-largest mobile carrier by sales, said on Feb. 1 its fourth-quarter net profit rose 15 percent from a year earlier due to rapid growth in internet business.

Net income came to 135.6 billion (US$126.60 million) in the October-December period, compared with a profit of 118 billion during the same period last year, LG Uplus said in a regulatory filing.

The mobile carrier said its operating profit reached 201.3 billion won in the fourth quarter, up 9.2 percent from a year earlier.

Sales rose 6.6 percent on-year to 3.32 trillion won over the cited period.

By Seong Seung-hyun and newswires (ssh@heraldcorp.com)

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