SK Networks said on the 14th that, on a consolidation basis, operating profit for the first quarter was 33.4 billion won, up 102.4% from the same period a year earlier, according to a preliminary tally.
Revenue for the same period rose 6.5% to 1.6367 trillion won, and net income swung to a 42.7 billion won profit from a 5.4 billion won loss in the same period last year.
SK Networks said profitability strengthened as the number of new SK intellix subscription accounts increased, and Walkerhill Hotel & Resort showed strong business performance across all institutional sectors.
It also noted that strategically adjusting the timing of marketing expense execution in the information and communications division in connection with the launch of new mobile devices contributed to the strong first-quarter results.
SK Networks plans to continue integrating AI technology and innovating new business models to further strengthen its differentiated competitiveness based on the stable performance of its existing businesses, and to focus on building a business portfolio optimized for future evolution.