[Edaily Reporter Yun Junghoon ] KTCorporation(030200)’s operating profit for the third quarter of this year fell by more than 12% compared to the same period last year.

KTCorporation announced on the 10th that its third-quarter revenue on a standalone basis was 4.9878 trillion won, a 2.4% decrease compared to the same period last year.

Operating profit stood at 299.3 billion won, down 12.2% from the same period last year (340.9 billion won). Net income also fell 17.8% to 238.1 billion won. Profit from continuing operations before income tax expenses decreased 17.9% year-over-year to 312.1 billion won.

Compared to the previous quarter, revenue increased by 10.3%, but operating profit decreased by 23.1%. Net income and profit from continuing operations before income taxes also fell by 16.5% and 17.9%, respectively.

Cumulative revenue for the first three quarters of this year totaled 14.3459 trillion won, a 1.5% decrease compared to the same period last year. Cumulative operating profit fell 17.2% to 1.0022 trillion won, and net income decreased 14.8% to 863.4 billion won.

These results are preliminary figures based on separate financial statements prepared in accordance with Korean International Financial Reporting Standards (K-IFRS). They are subject to change following review by external auditors.