SKT's operating profit up over 1,000%, turns to black in Q3

SK Telecom, Korea's top mobile service carrier, reported a significant increase in its operating profit for the third quarter. The company's operating profit surged by over 1,000 percent compared to the same period last year, reaching 552.3 billion won. This substantial growth is attributed to the steady expansion of its main mobile service business, as well as the success of new ventures involving artificial intelligence. As a result, SK Telecom's net profit turned from a loss to a profit, indicating a significant improvement in the company's financial health.

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SKT's operating profit surged over 1,000% in Q3. This could boost investor confidence and lift the stock price.

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