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An announcement from KT ( (KT) ) is now available.
KT Corporation reported a record high annual revenue for 2024, driven by its core telecommunication services, real estate, and AX platforms. Despite achieving substantial revenue growth, the company faced a significant decline in operating profit due to one-off labor costs, impacting their overall profitability by 50.9% year-over-year. The company is pursuing strategic partnerships and innovations in AI and media to continue transforming its business and improve profitability.
More about KT
KT Corporation operates in the telecommunications industry and is based in Korea. The company offers various services including wireless, broadband, media, and B2B solutions with a focus on technological innovations such as AI and IT services, cloud solutions, and corporate broadband.
YTD Price Performance: 7.55%
Average Trading Volume: 1,876,510
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $7.64B
See more data about KT stock on TipRanks’ Stock Analysis page.
