LG Uplus' 2020 net up 9%

By Yonhap

Published : Feb. 3, 2021 - 09:09

A company official demonstrating its 5G services at the Kumoh National Institute of Technology in Gumi, 202 kilometers south of Seoul. (LG Uplus Corp.)

LG Uplus Corp., a major South Korean telecom operator, said Wednesday its net income last year rose 8.9 percent from the previous year amid the pandemic.

Net income reached 478.06 billion won ($428.5 million) last year, compared with a profit of 438.8 billion won the previous year.

Operating income stood at 886.1 billion won, up 29.1 percent, while sales rose 8.4 percent to 13.4 trillion won over the cited period. (Yonhap)