KT Q209 Profits Triple On Back Of KTF PurchaseAugust 2009 | Company Finance Alert
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South Korean telecoms operator KT Corp has reported that its Q209 net profits more than trebled as a result of its merger with mobile unit KTF in June 2009 and the stronger South Korean won, which has reduced the cost of KT's foreign-currency debt. Net profits rose by 226.8% quarter-on-quarter (q-o-q) to reach KRW456.1bn (US$373mn). Meanwhile, operating revenues increased by 28.5% to KRW3.564trn (US$2.91bn).