KT, LG U+, SK Telecom post mixed growth in 4Q16 net operating profits

Korea Telecom (KT), LG U+ and SK Telecom, the three largest South Korea-based telecom carriers, have reported fourth-quarter 2016 net operating profits of KRW226.3 billion (US$196 million), down 15.3% on year, KRW184.4 billion up 63.0%, and KRW301.9 billion down 28.8%, according to South Korea-based Maeil Business Newspaper.

Fourth-quarter consolidated revenues were KRW6.02 trillion for KT, KRW3.12 trillion for LG U+ and KRW4.35 trillion, growing 1.0%, 9.1% and 2.6% on year.