SK Telecom Q2 Net Profit Gains 34.8 Percent to 347.8 Billion Won


On Tuesday, SK Telecom Co. reported a second-quarter net profit of 347.8 billion won (US$265.8 million), an increase of 34.8 percent from the same period in the previous year.

The company’s filing with the regulatory body showed an operating profit of 463.4 billion won, compared to 459.6 billion won in the year prior. Revenue was up 0.4 percent to 4.3 trillion won.

The earnings exceeded market expectations. According to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency, analysts had predicted a net profit of 290.3 billion won.

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