SK Telecom Continues to Report Solid Telecom Earnings and Noncore Losses
The trends evident in the first half remained so in SK Telecom’s third quarter. The company’s core and narrow-moat telecom business continues to produce solid results despite sluggish revenue. However, the noncore business continues to report losses, and continued investment in these no-moat businesses remains our key concern. Operating profit in the core telecom business for the first nine months is up KRW 115.1 billion, or 6.9%. However, the noncore business has slipped to an operating loss of...
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