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KTF has sharp rise in 3rd-quarter profit

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Oct 31,2005
KTF Co., Korea’s second-largest mobile phone operator, posted a 42 percent rise in third-quarter profit as more customers downloaded music and games with their handsets. Net income rose to 130 billion won ($125 million), compared to 92 billion won a year earlier, the Seoul-based company said in a regulatory filing yesterday. Operating profit climbed 28 percent to 198 billion won, while revenue increased 7.8 percent to 1.6 trillion won. KTF joins larger rival SK Telecom Co. in reporting profit growth as investments in networks geared for users to download songs and streaming video begin to pay off.


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