KT Posts Upbeat Q1 Net Profit
KT Corp (NYSE: KT) reported a better-than-expected first-quarter net profit.
KT's quarterly net profit dropped to KRW407.6 billion (US$357.8 million), from KRW555.2 billion, in the year-earlier period. However, analysts were expecting a net profit of KRW319.5 billion.
Its operating profit fell 20% to KRW574.7 billion.
KT shares closed at $12.53 on Friday.
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