UPDATED. 2024-07-17 07:31 (수)
KT’s Q3 2020 profits drop
KT’s Q3 2020 profits drop
  • Jong Jun Lee
  • 승인 2020.11.09 19:00
  • 댓글 0
이 기사를 공유합니다

The only telco to see decline
Image: KT
Image: KT

KT said Friday that it posted operating income of 292.4 billion won and sales of 6 trillion won in the third quarter, a decline of 6.4% and 3.4%, respectively, from a year ago.

The telco said it saw labor costs rise in the quarter due to negotiations over salary.

It is the only carrier out of the three in South Korea to see profits decline. SK Telecom and LG Uplus both saw operating income jump in the quarter.

KT said its mobile business posted sales of 1.74 trillion won, an increase of around 1%. It had 2.81 million 5G subscribers as of the quarter, which equals 20% of its total subscribers.

The carrier also announced 300 billion won share buyback program. It said it was continuing to show stable performance despite the COVID-19 pandemic and said it will work payback shareholders.

KT’s enterprise business posted sales of 690.3 billion won, a rise of around 1% from a year ago. 

삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
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 © 2024 THE ELEC, Korea Electronics Industry Media. All rights reserved. mail to powerusr@thelec.kr