KT (KT) has released an update.
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KT Corporation has maintained steady service revenue growth in key areas despite restructuring efforts, with 2Q24 showing a 0.0% year-over-year change in consolidated revenue and a 1.4% increase in operating revenue. The company is experiencing a decline in operating profit due to increased labor costs, but is focusing on profitability and growth in promising sectors. KT’s strategy includes enhancing shareholder value, evidenced by dividend payments and strategic partnerships, such as with Microsoft.
For further insights into KT stock, check out TipRanks’ Stock Analysis page.
