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SK Telecom reports fall in Q4 net profit

SK Telecom reports fall in Q4 net profit

SK Telecom, South Korea's largest wireless carrier, yesterday reported a fall in fourth-quarter net profit due largely to higher marketing costs.
The company posted a net profit of 244.2 billion won (US$210.3 million) in October-December, a 7.2 percent fall compared with 263.1 billion won a year earlier.
In a statement, SK Telecom said its operating profit fell 5.5 percent from a year earlier to 443.1 billion won from 468.8 billion.
Revenue increased 3.1 percent to 3.10 trillion won from 3.01 trillion in the fourth quarter of 2008.