LG Uplus (Buy, TP: KRW 21,000, +112%) Q2 24 Quick Take: Decent net additions and capex move but profitability still under pressure
Trends were slower as service revenue and EBITDA missed expectations 1% and 2% respectively. As a result, pressure continue to be felt at the bottom line. Key positives were its Enterprise and broadband momentum and the moderation in capex. Separately, LG had also disclosed an interim dividend of KRW 250/share, unchanged from last year.
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