KT Corp Q4 Net Profit Surges 12.5%
KT Corp (NYSE: KT) reported a 12.5% rise in its fourth-quarter net profit.
KT's quarterly net profit surged to KRW210.6 billion (US$188.6 million), from KRW187.1 billion, in the year-ago period. However, analysts were expecting a net profit of KRW208.5 billion. KT's operating profit dropped 17% to KRW287.6 billion. Its sales surged 25% to KRW6.379 trillion from KRW5.114 trillion.
KT shares closed at $15.20 on Friday.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.