LG Uplus Q3 net income down on higher costs
LG Uplus Corp., South Korea's No. 3 mobile carrier, said Tuesday its third-quarter net profit decreased 8.3 percent from a year earlier despite overall growth in sales due to an increase in costs, in particular, electricity rates.
Its net income stood at 156.7 billion won ($120.8 million) in the July-September period on a consolidated basis, compared with 170.8 billion won for the same period last year, the company said in a regulatory filing.
Operating income was 254.3 billion won, down 10.8 percent from a year ago, while revenue rose 2.3 percent to 3.58 trillion won.
The earnings fell below market expectations. The average estimate of net profit by analysts stood at 169.7 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
LG Uplus said its sales were strong across its flagship mobile service and other businesses, but its net profit sank due to a hike in electricity prices.
Sales from its mobile business gained 2.7 percent on-year to 1.59 trillion won thanks to a 22.3 percent increase in the number of its mobile subscribers.
Corporate infrastructure sales jumped 7.9 percent in the third quarter from a year ago to 404 billion won, powered by growth in its internet data center business and solution provider models, including its in-vehicle infotainment platform and cargo transportation brokerage platform service.
The company's smart home business also saw its sales rise 2.8 percent to 607.2 billion won with an increase in IPTV and high-speed internet subscriptions. (Yonhap)
(责任编辑:영화)
下一篇:Koreans will 'freeze to death' for iced Americanos even in winter
- ·PM departs for China for Asian Games, meeting with Xi
- ·Allies vow stern measures against Russia
- ·[Korea Beyond Korea] 'Funding drought jeopardizes interest in ancient Korea studies in US'
- ·Opposition party leader ends 24
- ·Russian top diplomat to visit NK, accuses US of fueling tensions on Korean Peninsula
- ·US finalizes national security 'guardrails' for CHIPS funding
- ·Koreans prefer cash in Chuseok gifting for parents
- ·[Herald Interview] ‘Another Body,’ a riveting documentary on devasting effects of deepfake porn
- ·류호정·장혜영의 ‘세번째권력’ “총선서 30석, 200만 득표가 목표”
- ·S. Korea, Britain forge strategic partnership on ODA projects
- ·Culture minister says admission to state museums requires public discussion
- ·Seoul shares almost flat after Fed minutes, Nvidia results
- ·Female Nexon employee berates 'misandrist gesture' in MapleStory video
- ·[From the Scene] Incheon Airport goes global to Batam, Indonesia
- ·LG Display appoints LG Innotek chief as new CEO
- ·Heritage expert You Hong
- ·KB chief vows to nurture AI talents
- ·Zyx Technology donates CAD software to Sungkyunkwan University
- ·KIPO chief strengthens IP alliances with Middle Eastern counterparts
- ·Seoul shares open higher on US gains amid rate woes
- ·이준석 "난 박근혜 키즈 넘어섰다…한동훈도 尹키즈 벗어나야"
- ·SK, Hilleman team up to develop next
- ·YG’s new girl group Babymonster debuts with single 'Batter Up'
- ·[Herald Interview] Former Treasure member Bang Ye
- ·김웅 “한동훈, 돌 좀 맞고 욕먹더라도 강남 3구서 출마해야”
- ·이원욱 “이재명, 최강욱 징계 반발하는 개딸과 이별해야”
- ·러 매체 “北 위성에 러시아 도움, 근거 없다…포탄 지원설도 마찬가지”
- ·SK, Hilleman team up to develop next