South Korea’s largest telecoms service provider by revenues has posted net income of KRW408 billion (USD358 million) for the first quarter of 2012, down from USD555.2 billion a year earlier but ahead of analyst expectations. Sales rose 9.1% to year-on-year to KRW5.8 trillion on the back of revenue gains from IPTV, the company’s satellite digital broadcasting service and the consolidation from the fourth quarter of 2011 onwards of BC Card
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OVETEL KT posts better than expected net profit
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