KTF Q4 net nearly doubles on reduced costs

SEOUL, Jan. 28 (Yonhap) -- KTF, South Korea's second-biggest mobile carrier, said
Wednesday its fourth-quarter earnings almost doubled from a year earlier on
reduced marketing costs.

Net income stood at 101.9 billion won (US$73.7 million) in the October-December
period, compared with 53.1 billion won a year earlier, the company said in a
regulatory filing. The bottom line was also up 38.5 percent from three months
earlier.
Sales rose 0.4 percent on-year to 1.95 trillion won and operating profit soared
60.9 percent to 207.7 billion won, it said.
For all of 2008, however, net profit tumbled 32.6 percent on-year to 164.6
billion won due to increased marketing expenses and investment. Sales climbed
14.4 percent to 8.35 trillion won with operating income rising 3.1 percent to
454.4 billion won.
ygkim@yna.co.kr
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