South Korea’s KT Corp has posted a 40.7% year-on-year drop in net income on the back of a fall in consolidated revenues. For the three months ended 30 September 2011 KT reported a net income of KRW255.7 billion (USD229 million), down from KRW430.9 billion in the same period a year earlier, while consolidated turnover for the quarter stood at KRW4.99 trillion, down from KRW5.32 trillion in 3Q 2010.
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OVETEL KT’s third quarter net profit falls amid lower interconnection revenues, new discount plans
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