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The Korea Herald
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THE INVESTOR
March 19, 2024

Mobile & Internet

Mobile carriers’ sales growth likely to slow this year

  • PUBLISHED :March 15, 2018 - 13:44
  • UPDATED :March 15, 2018 - 13:44
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[THE INVESTOR] Korean mobile carriers are expected to see their sales growth slow in 2018 amid a mild gain in operating profit in the wake of increased fee discounts, a market tracker said on March 15.

The consolidated sales of the three mobile carriers -- SK Telecom, KT and LG Uplus -- are predicted to inch up 0.3 percent on-year to 53.4 trillion won (US$50.20 billion) this year, according to FnGuide.

Their combined operating profit is projected to come to 3.9 trillion won in 2018, up 4.6 percent from the previous year.

Last year, the carriers’ total sales rose 3.7 percent from the preceding year, with their operating income gaining a mere 0.4 percent due to increased marketing costs.

LG Uplus, the smallest industry player, is expected to lead the market‘s growth this year. The carrier’s sales are forecast to grow 0.6 percent on-year, with its operating income climbing 5.3 percent.

Market leader SK Telecom is predicted to see its sales and operating income grow 0.5 percent and 3.2 percent, respectively.

KT’s sales are expected to stall, with its operating income likely to expand 5.7 percent.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)

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