Seoul: KT and G Corp. on Thursday reported its second-quarter net profit of 143.5 billion won (US$104 million), marking a 54.1 percent decrease from the same period last year.
According to Yonhap News Agency, the company's operating income for the April-June period reached 349.9 billion won, which is an increase of 8.7 percent from last year. Additionally, the company reported a sales rise of 8.7 percent, totaling 1.54 trillion won.
The company's earnings did not meet market expectations. Analysts had anticipated an average net profit of 298.3 billion won, as per a survey conducted by Yonhap Infomax, the financial data arm of Yonhap News Agency.