[Concall] SK Telecom "If Stock Remains Undervalued, Additional Share Buybacks Planned"
[Asia Economy Reporter Seulgina Jo] Yoon Poong-young, Chief Financial Officer (CFO) of SK Telecom, stated during the conference call held after the Q2 earnings announcement on the 6th, "We will strive to maintain a stable scale of shareholder returns linked to the performance of Mobile Network Operator (MNO)," adding, "Separately, if the stock price continues to be undervalued as it is now, we will consider additional share repurchase measures."
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Among the three major domestic telecom companies, SK Telecom was the first to announce its Q2 earnings, reporting consolidated financial statements with sales of 4.6028 trillion KRW and an operating profit of 359.5 billion KRW. This represents increases of 3.7% and 11.4%, respectively, compared to the same period last year, exceeding market expectations.
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