KT Corp., South Korea's top fixed-line and No. 2 mobile operator, said Friday its second-quarter net profit plunged 44 percent from a year earlier due to increased marketing costs on long-term evolution (LTE) service and one-off costs.
Net profit reached 133 billion won ($118 million) in the April-June period, compared with 237 billion won a year earlier, the Seoul-based company said in a regulatory filing.
Sales edged up 0.4 percent on-year to reach 5.76 trillion won over the cited period, and operating income slipped 1.5 percent to 348 billion won, it said. (Yonhap News)
