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December 16, 2018

SK Telecom’s operating profit down 21% in Q1

PUBLISHED : May 04, 2018 - 10:42

UPDATED : May 04, 2018 - 10:43

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[THE INVESTOR] Korea’s top mobile carrier SK Telecom said on May 4 its first-quarter operating profit fell just over 20 percent from a year earlier.

Operating profit came to 325.5 billion won (US$302 million), down 20.71 percent from a year earlier, the company said in a regulatory filing.

Sales moved down 1.2 percent to 4.1 trillion won over the cited period. Net profit, on the other hand, advanced 18.8 percent on-year to reach 693.4 billion won.

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

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