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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  SK Telecom Co.,Ltd    A017670   KR7017670001

SK TELECOM CO.,LTD

(A017670)
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SK Telecom : Second-Quarter Net Profit Jumped on Higher Valuation of Stake in Chip Maker

08/06/2020 | 01:18am EST

By Kwanwoo Jun

SK Telecom Co.'s second-quarter net profit jumped 67% from a year earlier, largely due to a higher valuation of its stake in chip-making sister company SK Hynix Inc.

Net profit for the quarter ended June 30 was 432.20 billion won ($364.3 million) compared with a net profit of KRW259.10 billion a year earlier, the South Korean wireless-service company said Thursday. That beat a FactSet consensus forecast for net profit of KRW362.08 billion.

Revenue during the quarter rose 3.7% from a year earlier to KRW4.603 trillion, while operating profit gained 11% to KRW359.50 billion.

SK Telecom retains a 20% stake in SK Hynix, whose net profit in the second quarter more than doubled from a year ago on solid demand for memory chips.

The company said steady revenue growth amid a growing number of subscribers to 5G services also helped improve earnings.

 

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
SK HYNIX, INC. -1.40% 98600 End-of-day quote.4.78%
SK TELECOM CO.,LTD 0.43% 232000 End-of-day quote.-2.52%
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Financials
Sales 2020 18 393 B 16,6 B 16,6 B
Net income 2020 1 288 B 1,16 B 1,16 B
Net Debt 2020 9 013 B 8,14 B 8,14 B
P/E ratio 2020 13,5x
Yield 2020 4,30%
Capitalization 16 968 B 15 270 M 15 322 M
EV / Sales 2020 923x
EV / Sales 2021 885x
Nbr of Employees -
Free-Float 63,8%
Chart SK TELECOM CO.,LTD
Duration : Period :
SK Telecom Co.,Ltd Technical Analysis Chart | A017670 | KR7017670001 | MarketScreener
Technical analysis trends SK TELECOM CO.,LTD
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 29
Average target price 301 862,07 KRW
Last Close Price 232 000,00 KRW
Spread / Highest target 55,2%
Spread / Average Target 30,1%
Spread / Lowest Target 9,05%
EPS Revisions
Managers
NameTitle
Jung-Ho Park President, Chief Executive Officer & Director
Jin-Won Kim Head-Finance
Jin-Hyo Park Head-ICT Technology division
Dae-Sik Cho Non-Executive Director
Dae-Shick Oh Independent Director
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