World VoIP NewsLGT reveals net profit boostLGT reveals net profit boost

LGT reveals net profit boost

voip, mobile phone, mobile networks, subscribers
The smallest South Korean mobile operator by subscribers, LG Telecom (LGT) has posted a 51.6% year-on-year increase in net profit to KRW61.42 billion (USD52.41 million) for the three months ended 31 December 2009.
Net profit for the operator’s full year was KRW308.1 billion, an increase of 8.7% compared to 200. LGT revealed that for its final fiscal quarter revenue rose by 2.1% y-o-y to KRW1.2 billion, while twelve-month revenue was up 3.2% at KRW4.95 billion. Earnings before interest, tax, depreciation and amortisation (EBITDA) for FY2009 rose 7.3% to KRW836 million, while for the three months to end-December it rose 6% y-o-y to KRW193.2 million.

Having absorbed its fixed line sister companies – LG Dacom and LG Powercom – earlier this year LGT revealed that its revenue generated by LG Dacom had risen by 13.5% in FY 2009 to KRW1.87 billion, while Powercom posted a 15.3% increase to KRW1.47 billion.

In terms of subscribers, at end-2009 LGT reported that its mobile voice customer base had risen to 8.66 million, a 5.5% rise against the same date a year earlier, while LG Dacom and LG Powercom had 2.51 million and 11,900 broadband subscribers respectively.

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