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SK Telecom's Q3 profit jumps more than 44% on equity gains from SK Hynix unit

2020-11-05 07:23:00| Telecompaper Headlines

(Telecompaper) South Korean operator SK Telecom posted revenue of KRW 4.73 trillion for the third quarter of 2020, which represents an increase of 3.7 percent year-on-year. Operating income reached KRW 361.5 billion, growing by 19.7 percent in the period. Growth was mainly boosted by improved performance of SK Telecom's mobile communication business and steep growth of its new businesses, the company said. Net income jumped 44.2 percent year-on-year, boosted by increased equity method gains from SK Hynix.

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Category:Telecommunications

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