SK Telecom Q4 net profit falls on higher spending

Feb 02, 2012

South Korea's largest mobile carrier SK Telecom said Thursday its fourth-quarter net profit fell 61 percent year-on-year due to higher spending on next-generation network technology and lower fees.

Net profit in October-December was 196 billion won ($175.2 million) compared with 502.5 billion won a year earlier.

fell 35.7 percent to 329.4 billion won while sales fell 2.3 percent to 3.93 trillion won.

The company reduced mobile phone fees late last year at the urging of the government, which is battling to curb inflation.

For the full year, was 1.58 trillion won, down 10.4 percent from 2010. Revenues rose 2.2 percent to 15.9 trillion won and operating profit dropped 6.3 percent to 2.13 trillion won.

Explore further: Apple's fiscal 3Q earnings top analyst forecasts

add to favorites email to friend print save as pdf

Related Stories

Investment cuts SK Telecom's Q3 net profit

Oct 27, 2011

South Korea's top mobile carrier SK Telecom said Thursday its third-quarter net profit fell 18 percent year-on-year due to heavy investment in new wireless networks.

SKorea's Hynix swings to profit as chip industry recovers

Jan 21, 2010

South Korea's Hynix Semiconductor said Thursday it swung to a net profit in the fourth quarter, following a loss in the period the year earlier, in a further sign that the global chip industry is recovering from a two-year ...

SKorea's Hynix finally swings to profit

Oct 23, 2009

South Korea's Hynix Semiconductor, the world's second largest memory chip maker, Friday announced a profit for the third quarter after seven straight quarters of losses.

South Korea's Hynix swings to net loss in Q3

Oct 27, 2011

South Korea's Hynix Semiconductor, the world's second-largest memory chip maker, said Thursday it swung to a third-quarter net loss as weak demand for personal computers dampened sales.

LG Electronics 2Q net profit plunges, sales fall

Jul 27, 2011

(AP) -- LG Electronics, a top global manufacturer of mobile phones and flat-screen TVs, said second-quarter net profit plunged as sales declined and its mobile phone business remained in the red.

Samsung tips record Q4 operating profit of $4.5bn

Jan 06, 2012

Samsung Electronics said Friday it expects a record operating profit in the fourth quarter of 5.2 trillion won ($4.5 billion), 73 percent up year-on-year thanks mainly to strong smartphone sales.

Recommended for you

Apple's fiscal 3Q earnings top analyst forecasts

7 hours ago

Apple's growth prospects are looking brighter as anticipation builds for the upcoming release of the next iPhone, a model that is expected to cater to consumers yearning for a bigger screen.

Verizon 2Q profit rises 93 percent

14 hours ago

Verizon reported Tuesday that its second-quarter earnings nearly doubled after it secured full ownership of Verizon Wireless.

Ex-Qualcomm exec pleads guilty to insider trading

Jul 21, 2014

A former high-ranking executive of US computer chip giant Qualcomm pleaded guilty Monday to insider trading charges, including trades on a 2011 deal for Atheros Communications, officials said.

User comments : 0