[Breaking] KT Q2 Operating Profit 576.1 Billion Won... 'Earnings Surprise'
Q2 Earnings Announcement... "Will Continue Growth in the Second Half"
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KT achieved an 'earnings surprise' by recording an operating profit of 576.1 billion KRW in the second quarter of this year, surpassing market expectations.
On the 7th, KT announced that its consolidated sales for the second quarter of this year increased by 3.7% year-on-year to 6.5475 trillion KRW, and operating profit rose by 25.5% to 576.1 billion KRW.
Initially, securities firms had predicted KT's sales and operating profit to be around 6.52 trillion KRW and 510 billion KRW, respectively.
KT stated, "We have demonstrated growth potential centered on a balanced growth of business-to-consumer (B2C) and business-to-business (B2B) operations, as well as the core portfolio of the KT Group."
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They added, "We will strengthen profitability by improving business execution methods," and "With the confirmation of the new CEO candidate, we will continue to improve performance in the second half under a stable management system."
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