[Concall] KT "Expanding 5G Investment Execution in the Second Half"
[Asia Economy Reporter Seulgina Jo] KT stated in its Q2 earnings conference call on the 7th afternoon that "the scale of 5G investment in the second half of the year will be expanded," and added, "We will execute it efficiently within the annual guidance." KT's capital expenditure (CAPEX) in Q2 was approximately 970 billion KRW, the lowest among the three major telecom companies.
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KT recorded consolidated sales of 5.8765 trillion KRW and operating profit of 341.8 billion KRW under Korean International Financial Reporting Standards (K-IFRS) in Q2. While sales decreased by 3.6% compared to the same period last year, operating profit increased by 18.6%.
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