ID :
199051
Thu, 08/04/2011 - 05:57
Auther :
Shortlink :
https://oananews.org//node/199051
The shortlink copeid
SK Telecom logs 3.7 pct rise in Q2 net
SEOUL (Yonhap) - SK Telecom Co., South Korea's leading mobile operator, said Thursday that its second-quarter earnings rose 3.7 percent from a year ago.
Net profit amounted to 465.4 billion won (US$439.8 million) in the April-June period, compared with a revised 448.9 billion won one year earlier, it said in a regulatory filing.
The figure hovered below the market consensus of 501.1 billion won offered by six analysts polled by Yonhap Infomax, the financial news arm of Yonhap News Agency.
Sales rose 5.7 percent on-year to 4.04 trillion won and operating profit increased 2 percent to 659.7 billion won in the same period, it said.
The company has been trying to find overseas revenue sources and break into sectors beyond telecom as growth in the local wireless market has stagnated.
SK Telecom, which controls about half of the country's wireless market, plans to separate its unit in charge of mobile software, mobile content and online commerce businesses and set up a wholly owned company in October.
Last month, the mobile operator was one of two companies that submitted a letter of intent to acquire a controlling stake in Hynix Semiconductor Inc., the world's second-largest memory chipmaker.
Net profit amounted to 465.4 billion won (US$439.8 million) in the April-June period, compared with a revised 448.9 billion won one year earlier, it said in a regulatory filing.
The figure hovered below the market consensus of 501.1 billion won offered by six analysts polled by Yonhap Infomax, the financial news arm of Yonhap News Agency.
Sales rose 5.7 percent on-year to 4.04 trillion won and operating profit increased 2 percent to 659.7 billion won in the same period, it said.
The company has been trying to find overseas revenue sources and break into sectors beyond telecom as growth in the local wireless market has stagnated.
SK Telecom, which controls about half of the country's wireless market, plans to separate its unit in charge of mobile software, mobile content and online commerce businesses and set up a wholly owned company in October.
Last month, the mobile operator was one of two companies that submitted a letter of intent to acquire a controlling stake in Hynix Semiconductor Inc., the world's second-largest memory chipmaker.
