moblie65 2008-7-25 11:59
SK Telecom's net income drops 26% on marketing costs
SK Telecom saw its net income drop by 26 percent in the second quarter on high marketing expenses. Revenues went up by 3 percent to KRW 2.93 trillion, from KRW 2.84 trillion in Q2 2007, boosted by continued subscriber growth. Operating income was KRW 533 billion, down by 20 percent due to the introduction of mandatory contract plans and handset instalment plans along with increased marketing expenses due to increased WCDMA subscribers.