KT Corp ADR

KT: XNYS (USA)
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KT Earnings: Mobile Benefiting From Competitor Woes; Fair Value Estimate Up 7%

Korea Telecom's second-quarter service revenue was up 13% while operating profit increased by 105% and net profit increased by 79%. The outsize profit growth was largely attributable to apartment sales revenue, with underlying telecom revenue up 4.9% and operating profit up 31%.

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