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Telecommunications & Media

SKT Q1 operating profit recovers to 5-trillion-won range as AI data centre business surges

SK Telecom reported first-quarter consolidated revenue of 4.39 trillion won and operating profit of 537.6 billion won, down 1.4 percent and 5.3 percent from a year earlier. Net profit fell 12.5 percent to 316.4 billion won. The company said it recovered profitability, with quarterly operating profit returning to the 500 billion won range. It also resumed a quarterly dividend of 830 won per share and highlighted strong growth in its AI data centre business.

AI & Enterprise

Telecoms\' Q1 results diverge after hacking incidents; SKT and KT profitability slows

A series of hacking incidents last year is expected to affect South Korea\'s three mobile carriers in the first quarter. SK Telecom and KT are seen posting weaker results as compensation payments and marketing costs weigh on profitability. LG Uplus is forecast to be the only one to report gains in both sales and operating profit, helped by subscriber inflows and growth in new businesses. Analysts also see scope for a recovery in the second half.

AI & Enterprise

Samsung SDS says cloud is biggest share of IT services revenue, to invest 10 trillion won by 2031

Samsung SDS on Wednesday reported preliminary first-quarter revenue of 3.35 trillion won and operating profit of 78.3 billion won. Revenue fell 3.9 percent from a year earlier, while profit slid 70.8 percent after it booked a 112.0 billion won retirement benefit provision following a change in severance pay calculation standards. Cloud revenue rose 5.8 percent to 690.9 billion won, becoming the largest share within IT services.