South Korea’s second largest mobile network operator by subscribers, KT Corp, has released its financial results for the three months ended 30 September 2012, revealing an almost 46% year-on-year increase in net profit. For the quarter under review KT posted a net income of KRW372.3 billion (USD341 million), up from KRW255.7 billion in the same period of 2011, on revenues that increased by more than 30% to KRW6.52 trillion. Wireless services accounted for more than a quarter of total turnover, or KRW1.75 trillion, up from KRW1.74 trillion in 3Q11, while fixed line revenue fell by more than ten percentage points to KRW1.57 trillion
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OVETEL KT posts strong growth in net profit in 3Q12
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