Report
Dan Baker
EUR 147.86 For Business Accounts Only

Another Solid Quarter for KT; FVE Increased to USD 18 per ADR and Uncertainty Lowered to High

KT Corp’s second-quarter 2016 result was again ahead of our expectations with the company reporting services revenue up 4.5%, operating earnings up 15.8% but net income down 21% due to nonrecurring nonoperating losses. KT Corp continues its recovery posting its highest quarterly operating profit since first-quarter 2012. Net debt/EBITDA has reduced from a peak of over 4 times at the end of 2014 to a more manageable 1.3 times now due to the sale of noncore assets and improved profitability over t...
Underlying
KT Corp (ADR)

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Dan Baker

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