SK Telecom Co SKM reported a 74% drop in its second-quarter net profit.
SK Telecom's quarterly net profit fell to 120.6 billion won (US$106.8 million), versus KRW465.4 billion, in the year-ago period. However, analysts were expecting a net profit of KRW188 billion.
Its operating profit declined 43% to KRW384.6 billion from KRW672.9 billion. Its sales dropped 0.6% to KRW4.015 trillion, versus KRW4.038 trillion.
SK Telecom's overall average revenue per user dropped to KRW39,729 from KRW40,738.
SK Telecom shares closed at $13.70 yesterday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in