SK Telecom Continues to Report Solid Telecom Earnings and Expanding Noncore Losses
The trends evident in the first nine months of 2016 remained so in SK Telecom’s fourth quarter. The company’s core narrow-moat telecom business continues to produce solid results despite sluggish revenue. However, the noncore Internet businesses continue to report losses, and ongoing investment in these no-moat businesses remains our key concern. Operating profit in the core telecom business for the fourth quarter is up KRW 8.3 billion, or 2.1%, with full-year core operating profit up KRW 123.4 ...
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