SKT profit fails to meet expectations

SK Telecom posted 402.6 billion won ($372.43 million) in operating profit in the first quarter on a consolidated basis, down 17.8 percent from the previous quarter. The fall reflects a hike in marketing expenses caused by the phase-out of admission fees and the expansion of subscriber benefits, the company said in its regulatory filing Wednesday.

Posted: 2015-05-06 10:59:00

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