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LG Uplus almost doubles Q4 net profit

2015-01-23 13:56:00| Telecompaper Headlines

(Telecompaper) South Korean communications provider LG Uplus moved to a fourth-quarter net profit of KRW 85.3 billion versus a net loss of KRW 48.1 billion in the year-ago quarter. However, revenues went down 9 percent year-on-year to KRW 2.68 trillion as service revenues climbed 7.1 percent to KRW 2.09 trillion. Handset revenues plunged 46.7 percent to KRW 470.7 billion. EBITDA jumped 26.9 percent to KRW 590.5 billion, while EBITDA margin rose 6.2 percentage points to 22 percent.

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Category:Telecommunications

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