SK Telecom Profit Rises For Second-Straight Quarter
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SK Telecom Co., South Korea’s largest mobile-phone operator, reported second-quarter profit climbed 17 percent as demand for computer-like smartphones drove up wireless Internet bills.
Net income increased to 364 billion won ($306 million) in the three months ended June 30 from 311.6 billion won a year earlier, while sales rose 0.7 percent, Seoul-based SK Telecom said today. Analysts expected profit of 410 billion won, according to the average of nine estimates in the last 28 days compiled by Bloomberg.