KT Corp. Announces Consolidated and Standalone Earnings Results for the Fourth Quarter and Full Year of 2013; Provides Capital Expenditure Guidance for the Year 2014
January 28, 2014 at 10:00 pm IST
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KT Corp. announced consolidated and standalone earnings results for the fourth quarter and full year of 2013. For the quarter, on consolidated basis, the company reported operating revenue of KRW 6,214 billion against KRW 6,213 billion a year ago. Operating loss was KRW 149 billion against KRW 26 billion a year ago. Net loss was KRW 301 billion against net income of KRW 93 billion a year ago. EBITDA was KRW 772 billion against KRW 889 billion a year ago. Net debt was KRW 9,409 billion against KRW 9,379 billion a year ago.
For the full year, on consolidated basis, the company reported operating revenue of KRW 23,811 billion against KRW 23,856 billion a year ago. Operating income was KRW 874 billion against KRW 1,209 billion a year ago. Net income was KRW 182 billion against KRW 1,105 billion a year ago. EBITDA was KRW 4,440 billion against KRW 4,483 billion a year ago. Operating income decreased 27.7% year-on-year to KRW 874 billion due to weaker wireline revenue and rising operation -operating expenses such as depreciation costs. Net income was decreased 83.6% year-on-year because of deterioration in non operating income due to factors, including less real estate and copper cable sales. CapEx was KRW 3,312,500,000,000, which was a 10.7% decrease year on year, driven by the savings on wireless investments.
For the quarter, on standalone basis, the company reported operating revenue of KRW 4,636 billion against KRW 4,747 billion a year ago. Operating loss was KRW 232 billion against operating income of KRW 29 billion a year ago. Net loss was KRW 360 billion against KRW 102 billion a year ago. EBITDA was KRW 520 billion against KRW 760 billion a year ago. Net debt was KRW 7,096 billion against KRW 6,851 billion a year ago.
For the full year, on standalone basis, the company reported operating revenue of KRW 17,937 billion against KRW 18,863 billion a year ago. Operating income was KRW 345 billion against KRW 1,061 billion a year ago. Net loss was KRW 145 billion against net income of KRW 709 billion a year ago. EBITDA was KRW 3,276 billion against KRW 3,986 billion a year ago.
For the year 2014, the company's CapEx guidance is KRW 2.7 trillion, a decrease of approximately 18% compared to 2013. The company expected revenue of KRW 24 trillion on consolidated basis.
KT Corp is a Korea-based company that mainly provides telecommunication services. The Company operates its business through four segments. The Information and Communications Technologies segment is engaged in providing telecommunication services to individual, home, corporate customers and the convergence business. The Finance segment is engaged in providing financial services, such as credit card. The Satellite Broadcasting segment provides satellite television services. The Other segment includes security services, satellite service, information technology and network services, as well as global business services, which provide global network services to multinational or domestic corporate customers and telecommunications companies. The Company's principal services include mobile voice and data telecommunications services; fixed-line services; credit card processing and other financial services; as well as other services. The Company is engaged in the software platforms business.
KT Corp. Announces Consolidated and Standalone Earnings Results for the Fourth Quarter and Full Year of 2013; Provides Capital Expenditure Guidance for the Year 2014
KT CORPORATION 
