SK Telecom Exits ’11 With Y/Y Fall
SK Telecom Corp Ltd (NYSE:SKM),a leading South Korean telecom operator, has reported fiscal 2011 earnings results with net income dropping 10.4% year over year to KRW 1.583 trillion ($1.4 billion). The fourth quarter net income plunged 61% year over year to KRW 196 billion ($176 million). Increased investments in advanced wireless networks and mobile tariff [...]
SK Telecom Corp Ltd (NYSE:SKM),a leading South Korean telecom operator, has reported fiscal 2011 earnings results with net income dropping 10.4% year over year to KRW 1.583 trillion ($1.4 billion).
The fourth quarter net income plunged 61% year over year to KRW 196 billion ($176 million). Increased investments in advanced wireless networks and mobile tariff cuts were largely responsible for the downfall in both the quarter and the year.
Revenues
In fiscal 2011, revenues grew 2.2% year over year to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards