Yonhap Infomax NewsSK Networks Co. reported a sharp 87.9% drop in Q4 operating profit due to higher new business costs, but swung to a net profit on investment gains, while annual revenue and profit also declined amid ongoing business restructuring.
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SK Networks Reports Q4 Operating Profit of 4.4 Billion Won, Down 87.9%—Hit by Rising New Business Costs (Comprehensive)
SK Networks Co. reported a sharp 87.9% drop in Q4 operating profit due to higher new business costs, but swung to a net profit on investment gains, while annual revenue and profit also declined amid ongoing business restructuring.