KT’s Weak Q1 Results Put Focus on Higher Dividends and AX Strength

KT received a weak report card for the first quarter of this year amid the lingering impact of last year’s hacking incident. On May 12, KT said first-quarter revenue came in at 6.7784 trillion won, while operating profit reached 482.7 billion won. Both figures were down 1.0% from the same period a year earlier. According to the original headline, KT plans to increase dividends and build its “AX strength” despite the disappointing results. With earnings pressure continuing after the hacking incident, dividend expansion and stronger AX capabilities have been presented as key parts of its response. Source: mk.co.kr