share_log

Earnings Call Summary | KT Corp(KT.US) Q4 2023 Earnings Conference

Futu News ·  Feb 8 15:02  · Conference Call

The following is a summary of the KT Corporation (KT) Q4 2023 Earnings Call Transcript:

Financial Performance:

  • KT Corporation reported a consolidated revenue of KRW26,387 billion and a standalone revenue of KRW18,371.4 billion, driven by balanced growth of the B2C and B2B sectors.

  • Operating income rose by 1.5% Y-o-Y to KRW1,185.4 billion due to revenue growth and profitability improvement efforts.

  • Despite a 2.4% decrease in consolidated operating income, the company experienced a 2.1% rise when excluding a one-time profit from 2022.

  • Shareholder return increased in 2023, with a cash dividend of 1,961 per share.

Business Progress:

  • KT aims to strengthen their AI-driven DX capabilities to ensure the growth potential of the telco business.

  • By refining their business structure and implementing IT innovation, the company plans to grow the B2B sector.

  • They aim to establish themselves in the AI-driven DX market, focusing on AICC, IoT, smart mobility, smart space, and energy.

  • The unveiling of Mi:Dm, KT's hyperscale AI, is targeted to enhance their AI transformation competitiveness.

  • Their financial objective is to exceed KRW27 trillion in consolidated revenue, and KRW16 trillion in standalone service revenue.

More details: KT Corp IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment