Telecommunications & Media
KT Skylife Q1 operating profit rises 16.2 percent on cost cuts
KT Skylife reported first-quarter consolidated revenue of 238.97 billion won and operating profit of 5.94 billion won. Revenue fell 1.6 percent from a year earlier, but operating profit rose 16.2 percent, helped by lower costs linked to sales. The company said weaker broadcasting and home shopping markets, lower content sales at KT ENA and the wind-down of KT HCN’s appliance instalment business weighed on revenue.
