SKB Achieves 1 Trillion KRW in Q1 Sales... IPTV Subscriber Growth for Four Consecutive Quarters
Operating Profit Margin Records 7.4%
[Asia Economy Reporter Cha Min-young] SK Broadband announced on the 10th that its consolidated sales for the first quarter of this year increased by 6.1% compared to last year, reaching 1.026 trillion KRW. Operating profit rose by 0.9% to 76.1 billion KRW, with an operating profit margin of 7.4%. Net profit for the same period was recorded at 51 billion KRW, up 2.1%.
The increase in sales is attributed to the growth in paid broadcasting and wired communication subscribers. SK Broadband has ranked first in net IPTV subscriber growth for four consecutive quarters since the second quarter of last year. The effects of new B2B business orders and increased data traffic also contributed.
Hot Picks Today
If They Fail Next Year, Bonus Drops to 97 Million Won... A Closer Look at Samsung Electronics DS Division’s 600M vs 460M vs 160M Performance Bonuses
- Opening a Bank Account in Korea Is Too Difficult..."Over 150,000 Won in Notarization Fees Just for a Child's Account and Debit Card" [Foreigner K-Finance Status]②
- "While Others Rest, Nearly 3 Million May Work Substitute Public Holidays Without Extra Pay"
- Lived as Family for Over 30 Years... Daughter-in-Law Cast Aside After Husband's Death
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
However, the growth rate of operating profit remained below 1% compared to the previous year. This was due to a 6.5% increase in operating expenses from expanded new orders. Net profit rose compared to the previous year, explained by a decrease in interest expenses.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
