SK Telecom posts ho-hum results

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SK Telecom posts ho-hum results

SK Telecom Co. reported yesterday that its sales in the third quarter were 2.41 trillion won ($2 billion), producing a profit of 510 billion won. Sales increased 1 percent and operating profits by 0.4 percent compared to the second quarter. But the net profit of the firm declined by 7.4 percent quarter-on-quarter. The telecommunications company explained that its net profit in the second quarter was higher than normal because it had received dividends on KT stocks that it holds. Sales of wireless Internet services rose 10.5 percent, while phone call revenue fell by 0.3 percent.
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