Wednesday, August 3, 2011

SK Telecom Sees Q2 Revenue Rise 5.7%, Income up 2.0%

SK Telecom reported Q2 2011 revenue of KRW 4.041 trillion, operating income of KRW 659.7 billion and net income of KRW 465.4 billion (IFRS consolidated). On a year-on-year basis, revenue, operating income and net income increased by 5.7%, 2.0% and 3.7%, respectively.

The company was serving 7.5 million smartphone subscribers as of the end of June and expects to exceed its 10 million smartphone subscriber target by year-end.

SK Telecom was serving 26.3 million subscribers as of the end of Q2, up by 280,000 for the quarter.

SK Telecom's Chief Financial Officer Ahn Seung-Yun said, "As a mobile operator, SK Telecom will maintain its leadership position in the wireless data market by offering differentiated LTE network quality. Meanwhile, SK Telecom aims to create a flexible environment for business development by spinning off its platform business and nurturing it as the company's strong growth engine."

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