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KT Corp 2007 profit falls 22%

18 Jan 2008

KT Corp, South Korea’s largest fixed line operator, has revealed that net profit fell 22% to KRW967.5 billion (USD1.02 billion) in 2007 as a result of increased marketing costs. However, the company predicts a return to growth in profits, and record revenue, in 2008 as more subscribers sign up for web-based television and wireless broadband services. Earlier in the week, KT forecast record revenue of more than KRW12,000 billion in 2008 and operating profit of KRW1,500 billion.

South Korea, KT Corp

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