trending Market Intelligence /marketintelligence/en/news-insights/trending/E5BM9jg-oAienx_VcdmXsw2 content esgSubNav
In This List

ECS Telecom fiscal Q3 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


ECS Telecom fiscal Q3 profit falls YOY

ECSTELECOM Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 1.21 billion won, a decrease from 1.27 billion won in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to 5.7% from 7.1% in the year-earlier period.

Total revenue rose 18.2% on an annual basis to 21.07 billion won from 17.82 billion won, and total operating expenses climbed 22.0% year over year to 19.25 billion won from 15.78 billion won.

Reported net income came to 1.72 billion won, compared with 1.78 billion won in the year-earlier period.

As of Feb. 4, US$1 was equivalent to 1,182.34 South Korean won.