[Breaking] KT's Operating Profit Last Year 1.151 Trillion KRW... 8.8% Decrease YoY
[Asia Economy Reporter Seolgina Jo] KT announced on the 6th that it recorded sales of 24.342 trillion KRW and an operating profit of 1.151 trillion KRW in 2019 (consolidated basis), the first year of 5G commercialization.
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Sales increased by 3.8% compared to the previous year due to growth in wired and wireless communication businesses including 5G and media business, but operating profit decreased by 8.8%. This is interpreted as a result of increased costs such as 5G network investment and marketing.
This content was produced with the assistance of AI translation services.
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