UPDATED. 2021-02-26 22:24 (금)
LG Uplus profit increases 28.1% in 2020
LG Uplus profit increases 28.1% in 2020
  • Jong Jun Lee
  • 승인 2021.02.03 19:59
  • 댓글 0
이 기사를 공유합니다

Firm’s annual sales increase by 8.4%
Image: LG Uplus
Image: LG Uplus

LG Uplus said on Wednesday that it recorded 13.41 trillion won in sales and 886.2 billion won in operating income for the full-year of 2020.

The figures are an on-year increase of 8.4% and 28.1%, respectively. LG Uplus said profitability increased while efficient control of marketing cost contributed to the increase in operating income.

For the fourth quarter, LG Uplus recorded 3.51 trillion in sales, an increase of 10.8%. Operating income dropped 3.7% on-year to 175.5 billion won.

The carrier said marketing cost increased in the quarter for the launch of iPhone 12 and increase in 5G subscriptions.

LG Uplus said it plans to expand 5G coverage in in-buildings and outskirts of regions. It will also commercialize standalone 5G networks and develop business models that uses 28GHz spectrum, it said. It plans to find new growth engines in smart factory, smart city and smart mobility sectors with 5G, LG Uplus added.

The carrier will also seek quality growth over negative competition with rivals, the firm said.
 


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • 515, Nonhyeon-ro, Gangnam-gu, Seoul, Republic of Korea 4F, Ahsung Bldg.
  • 대표전화 : 82-2-2658-4707
  • 팩스 : 82-2-2659-4707
  • 청소년보호책임자 : Stan LEE
  • 법인명 : The Elec Inc.
  • 제호 : THE ELEC, Korea Electronics Industry Media
  • 등록번호 : 서울, 아05435
  • 등록일 : 2018-10-15
  • 발행일 : 2018-10-15
  • 발행인 : JY HAN
  • 편집인 : JY HAN
  • THE ELEC, Korea Electronics Industry Media Prohibiting unauthorized duplication,publishing,modification and distribution the material on this Site for any purpose.
  • Copyright © 2021 THE ELEC, Korea Electronics Industry Media. All rights reserved. mail to powerusr@thelec.kr
ND소프트