trending Market Intelligence /marketintelligence/en/news-insights/trending/_Qr1GU3t6Sbh-SNPOIsFXA2 content esgSubNav
In This List

SK Holdings profit misses consensus by 60.9% in Q2

Blog

Europe: 5 key OTT trends to watch in 2022

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


SK Holdings profit misses consensus by 60.9% in Q2

SK Holdings Co. Ltd. said its second-quarter normalized net income amounted to 879.72 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 2,248.00 won per share.

EPS decreased 78.6% year over year from 4,106.93 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 38.71 billion won, a decline of 78.6% from 180.67 billion won in the prior-year period.

Total revenue increased 11.6% year over year to 678.21 billion won from 607.79 billion won, and total operating expenses grew 10.9% year over year to 600.13 billion won from 541.33 billion won.

Reported net income totaled 159.58 billion won, or 3,626.76 won per share, compared with 159.14 billion won, or 3,617.68 won per share, in the prior-year period.

As of Aug. 17, US$1 was equivalent to 1,183.06 South Korean won.