KT Q3 Net Profit Rises 46%

Korea's KT Corp

reported a 46% rise in its third-quarter net profit. KT's quarterly net profit surged to 372.3 billion won (US$341 million), from KRW256 billion, in the year-ago period. However, analysts were expecting a profit of KRW207.5 billion. Its operating profit increased 4.3% to KRW538.8 billion from KRW516.4 billion. However, sales surged 30.6% to KRW6.519 trillion from KRW4.992 trillion. KT shares dropped 0.12% to close at $16.93 on Friday.