[Concall] SKT "This Year Dividend at Least 10,000 Won... Expect Growth Ahead"

[Asia Economy Reporter Seulgina Jo] Yoon Poong-young, Chief Financial Officer (CFO) of SK Telecom, stated during the Q2 earnings conference call held on the afternoon of the 11th that "this year's dividend will be maintained at a minimum of 10,000 KRW or more" in response to questions about the new dividend policy.

The new dividend policy disclosed by SK Telecom on the same day, ahead of its spin-off, centers on determining the total dividend amount within 30-40% of EBITDA-CAPEX based on the separate performance of the surviving company after the split.

CFO Yoon explained, "For accounting purposes, EBITDA is the standard, and CAPEX can be considered based on the figures disclosed during earnings announcements," adding, "It is expected to be around 700 billion to 800 billion KRW." He continued, "EBITDA has shown a stable trend in the first half of the year and is expected to grow next year as well," and added, "We will strive to optimize CAPEX through investments such as 5G shared networks."

He also said, "Our goal is to improve the basis for dividend resources by up to 20-30% by 2023," and "There can be expectations for dividend growth in the future."

Meanwhile, SK Telecom announced that it recorded consolidated sales of 4.8183 trillion KRW and operating profit of 396.6 billion KRW for the second quarter. Compared to the same period last year, sales increased by 4.7%, and operating profit grew by 10.8%.

This content was produced with the assistance of AI translation services.