KT's Q3 net nearly doubles on stable local currency

By Lee Youkyung
SEOUL, Nov. 3 (Yonhap) -- KT Corp., South Korea's largest fixed-line telephone
operator and second-largest mobile carrier, said Tuesday its third-quarter net
profit rose 80 percent from a year earlier as a stable local currency helped cut
foreign-exchange losses.

Net income reached 351.4 billion won (US$298.3 million) in the July-September
period, compared with 195.3 billion won a year earlier, the company said in a
regulatory filing.
KT absorbed its mobile affiliate KTF Co. in June and the figures were calculated
on the assumption that the two companies became a single entity on Jan. 1, 2008,
KT said.
Sales rose 3.9 percent on year to 4.82 trillion won while operating profit
declined 11.7 percent to 413.1 billion won, it said.
ylee@yna.co.kr
(END)