SK Telecom Co. Ltd. reported preliminary consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported operating revenue was KRW 4,289,026 million compared with KRW 4,367,484 million a year ago. Operating income was KRW 490,053 million compared with KRW 536,562 million a year ago. Profit continuing operations before income tax was KRW 647,486 million compared with KRW 665,759 million a year ago. Profit was KRW 503,370 million compared with KRW 531,002 million a year ago. Profit attributable to controlling interests was KRW 501,280 million against KRW 531,548 million a year ago.

For the full year, the company reported operating revenue was KRW 17,163,798 million compared with KRW 12,874,772 million a year ago. Operating income was KRW 1,825,105 million compared with KRW 1,335,052 million a year ago. Profit continuing operations before income tax was KRW 2,253,828 million compared with KRW 1,606,342 million a year ago. Profit was KRW 1,799,320 million compared with KRW 1,295,950 million a year ago. The operating income decreased by 9.2% year on year due to increased marketing expenses as the company expanded customer benefits by eliminating sign-up fees for new customers and enhanced membership benefits. The revenue increased by 3.4% year-on-year backed by expanded LTE subscriber base, increased sales from its new businesses including the enterprise solution business and growth of its subsidiary companies. Profit attributable to controlling interests was KRW 1,801,178 million against KRW 1,299,898 million a year ago. The consolidated net income for the year 2014 jumped 11.8% year on year backed by strong performance of SK Hynix.