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Games & Commerce

Mgame Q2 operating profit falls 9.4 percent to 2.44 billion won

Mgame reported second-quarter consolidated revenue of 21.26 billion won and operating profit of 2.44 billion won, it said in a filing on Thursday. Revenue rose 6.4 percent from a year earlier, while operating profit fell 9.4 percent and net profit dropped 56.7 percent to 717 million won. First-half revenue totalled 45.5 billion won. The company cited tax and financial asset valuation factors for the net profit decline.

Telecommunications & Media

SKT Q2 operating profit jumps 67% on AI infrastructure growth

SK Telecom said its second-quarter operating profit rose sharply on base effects from last year\'s SIM replacement costs and growth in its AI infrastructure business. AI data centre revenue rose more than 90% from a year earlier. It plans to secure AI data centre customers early and increase investment via newly established wholly owned unit SK Hyper. The company also announced quarterly dividends of 830 won per share.

Finance

IBK Industrial Bank of Korea first-half net profit 1.44 trillion won, down 4.4 percent

IBK Industrial Bank of Korea posted first-half consolidated net profit of 1.44 trillion won, down 4.4 percent from a year earlier, the bank said. Market share in SME finance rose to a record 24.6 percent as SME loans increased to 270 trillion won. The bank cited larger foreign-exchange valuation losses and higher loan-loss provisions as factors behind the profit decline. It will pay its first quarterly dividend.