KT Q1 Operating Profit Falls 29% Year on Year to 482.7 Billion Won

KT recorded operating profit of 482.7 billion won for the first quarter of this year. Compared with the same period a year earlier, the figure was down 29%. The key confirmed details in the report are the size of KT's first-quarter operating profit and the year-on-year rate of decline. Because operating profit is a core indicator of profitability from a company's main business, the drop from the previous year is presented as the main information for assessing the earnings trend. The original item did not include additional details on revenue, net profit, business-segment results, or reasons for the decline. This article therefore focuses on the confirmed figures: 482.7 billion won and a 29% year-on-year decrease. Source: hankyung.com