SK Telecom (NYSE:SKM, hereinafter referred to as “SKT”) today announced its earnings for the first quarter of 2023 on a K-IFRS consolidated basis: revenue of KRW 4.372 trillion, operating income of KRW 494.8 billion, and net income of KRW 302.5 billion.
Compared to the same period last year, SKT’s consolidated revenue and operating income increased by 2.2% and 14.4%, respectively, backed by continued growth of its key business areas. The revenue of new business areas such as Media and Enterprise grew by 10.2% and 5.8%, respectively. Net income grew by 37.3% year-on-year (YoY) due to factors including increase in dividend income from the invested companies.
On a non-consolidated basis, SKT’s revenue rose by 1.3% YoY to stand at KRW 3.117 trillion, and its operating income expanded by 16.5% YoY to KRW 415.7 billion.
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