SK Telecom Posts Q3 Profit of KRW175.6B
SEOUL, South Korea -- SK Telecom (NYSE:SKM) announced its earnings on a K-IFRS consolidated basis for the third quarter of 2012: revenue of KRW 4.126 trillion, operating income of KRW 300.7 billion and net income of KRW 175.6 billion.
The revenue increased by 2.0% year-on-year (YoY) and 2.9% quarter-on-quarter (QoQ) due to expanded ARPU (Average Revenue Per User) driven by LTE subscriber growth and strong performance of SK Planet, the company’s wholly owned subsidiary.
ARPU (excluding interconnection and sign-up fees) continued to grow to stand at KRW 33,135 backed by robust LTE subscriber growth.
SK Telecom (Nasdaq: SKM)