AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

KTF'S Q3 PROFIT DROPS DUE TO HEAVY MARKETING COSTS.

AsiaPulse News

| November 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, Nov 1 Asia Pulse - KTF Co., South Korea's second-largest mobile phone operator, said Monday net income for the third-quarter fell 11.9 per cent from a year ago as it spent more in marketing in the saturated market.

In the three months ended Sept. 30, net income was 91.7 billion won (US$81.8 million), compared to 104 billion won a year ago, the company said in a statement to the Korea Stock Exchange. Sales, excluding contributions from handset sales, rose 10.6 per cent to 1.16 trillion won.

Third-quarter operating profit, or earnings before interest and taxes (EBIT), also declined 25.3 per cent from a year earlier to 154 billion won.

Overall sales, which include contributions from handset sales, rose 1.1 per cent from a year ago to 1.4 trillion won, the company said.

Compared to a quarter ago, however, net profit jumped 111.4 percent and operating profit rose 51.7 per cent as the company spent ...

Related articles from newspapers, magazines, journals, and more
(3rd LD) KTF 3Q Profit Falls on Marketing Costs, Cuts 2004 Sales Growth Target.
News wire article from: YON - Yonhap News Agency of Korea November 1, 2004 700+ words
...Nov. 1 (Yonhap) -- KTF Co., South Korea's...11.9 percent from a year ago as it spent more in marketing...the end of September, KTF's average revenue per...rose 3.1 percent from a year ago to 39,823 won. That...from three months ago, KTF said. KTF said growing...
S KOREA'S KTF CO SEES SHARP FALL IN Q3 PROFIT.
News wire article from: AsiaPulse News November 1, 2004 700+ words
...SEOUL, Nov 1 Asia Pulse - KTF Co., South Korea's...11.9 per cent from a year ago as it spent more in marketing...the end of September, KTF's average revenue per...3.1 per cent from a year ago to 39,823 won. That...from three months ago, KTF said. KTF said growing...
(4th LD) KTF Q2 Profit Plunges 67.3 Pct on Heavy Marketing Costs.
News wire article from: YON - Yonhap News Agency of Korea August 3, 2004 700+ words
...SEOUL, Aug. 3 (Yonhap) -- KTF Co., South Korea's second...compared with 132.8 billion won a year ago. It marked the eighth straight...compared with 1.06 trillion won a year ago. Since January, KTF and its smaller rival LG Telecom...
(2nd LD) KTF 3Q Profit Falls 11.9 Pct on Heavy Marketing Costs.
News wire article from: YON - Yonhap News Agency of Korea November 1, 2004 700+ words
...Nov. 1 (Yonhap) -- KTF Co., South Korea's...11.9 percent from a year ago as it spent more in marketing...the end of September, KTF's average revenue per...rose 3.1 percent from a year ago to 39,823 won. That...from three months ago, KTF said. KTF said growing...
KTF'S Q1 EARNINGS PLUNGE NEARLY 40% ON HIGHER MARKETING SPENDING.(Financial...
News wire article from: AsiaPulse News April 25, 2007 700+ words
...SEOUL, April 25 Asia Pulse - KTF Co. (KSE:032390), South...plunged nearly 40 per cent from a year ago amid increased marketing costs...it added. Analysts forecast KTF's net income and operating...a.m. on the main bourse. KTF attributed the decline in quarterly...
KTF's Q1 earnings plunge nearly 40 pct on higher marketing spending.(Financial...
News wire article from: YON - Yonhap News Agency of Korea April 26, 2007 700+ words
...SEOUL, April 25 (Yonhap) -- KTF Co., South Korea's No. 2...plunged nearly 40 percent from a year ago amid increased marketing costs...it added. Analysts forecast KTF's net income and operating...a.m. on the main bourse. KTF attributed the decline in quarterly...
(2nd LD) KTF logs 42 pct jump in Q3 earnings.
News wire article from: YON - Yonhap News Agency of Korea October 31, 2005 700+ words
...41.8 percent from a year ago to 130 billion won...September period, KTF said in a regulatory...earlier statement. KTF's average revenue...33 percent from a year ago to 39,310 won in September. KTF's ARPU compared with...
S.KOREA'S KTF LOGS 42 PCT JUMP IN Q3 EARNINGS.
News wire article from: AsiaPulse News October 31, 2005 700+ words
...8 per cent from a year ago to 130 billion won...September period, KTF said in a regulatory...earlier statement. KTF's average revenue...33 per cent from a year ago to 39,310 won in September. KTF's ARPU compared with...
For more facts and information, see all results
©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA