KT beats the 3-mo bear run in Korean stock market to gain 26%
이 글자크기로 변경됩니다.
(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.
KT has been deemed a safe bet in a bear market. It delivered strong earnings in the first quarter and indulged foreign investors with generous dividends.
The stock hit intraday high of 38,500 won on May 31 to briefly command a market cap of 10 trillion won for the first time in June 2013. The stock must close above 38,300 won to achieve the milestone.
Shares on Wednesday fell 1.1 percent to 35,650 won.
Investors so far have been pleased with its digital transition.
CEO Ku Hyeon-mo pledged a business shift from telecommunication to digital platform, including artificial intelligence (AI), big data, and B2B cloud services. The firm¡¯s digital and B2B business sales increased 11.7 percent to 1.6 trillion won in the first quarter from the same period two years ago. The share to total sale rose from 38 percent to 41 percent.
Strong digital business compensated for stagnated income in teleco business.
Its operating profit in the first quarter was 12-year quarterly best of 626.6 billion won. It pledged to return 50 percent of net income to its shareholders in cash dividend.
[¨Ï Maeil Business Newspaper & mk.co.kr, All rights reserved]
Copyright © 매일경제 & mk.co.kr. 무단 전재, 재배포 및 AI학습 이용 금지
- New orders thin by 30% on qtr for Korean Inc. Q2 in sluggish sign in demand - Pulse by Maeil Business News Korea
- Samsung Heavy wins $3 billion orders to build 14 LNG carriers, 59% of ‘21 sale - Pulse by Maeil Business News Korea
- Korea in first summer sale bonanza since normalization - Pulse by Maeil Business News Korea
- Finding taxi late night is a near impossibility in Seoul - Pulse by Maeil Business News Korea
- Samsung Elec ready to declare 3-nano migration at foundry lines next week - Pulse by Maeil Business News Korea
- 강경준, 상간남 피소…사랑꾼 이미지 타격 [MK픽] - 스타투데이
- 메가 브랜드 살펴보니…美·日 시장 휩쓸고 올리브영서 천억 매출
- 뉴진스 민지, 민희진vs하이브 갈등 속 완벽시구...“잠실벌 후끈” - MK스포츠
- 이찬원, 이태원 참사에 "노래 못해요" 했다가 봉변 당했다 - 스타투데이
- 양희은·양희경 자매, 오늘(4일) 모친상 - 스타투데이