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SKorea's KTF net profits plunges
Seoul (AFP) Jul 31, 2006 KTF, South Korea's second-largest mobile carrier, posted a 46 percent drop in net profit in the second quarter to June due to increased marketing costs, the company said Monday. Net profit plunged 46.4 percent year-on-year to 80.58 billion won (84.47 million dollars) for the three months to June while sales increased 12.3 percent to 1.64 trillion won, KTF said. Operating profit fell 31.4 percent year-on-year to 152.7 billion won in the second quarter, the company added. It attributed the profit decline to increased marketing costs after the government regulator lifted a three-year ban on company subsidies for customers to purchase handsets earlier this year. As a result, marketing costs increased 16.2 percent in the second quarter, it said. Community Email This Article Comment On This Article Related Links All about the technology of space and more
Singapore earmarks more funding to bolster biomedical sciences sector
Singapore (AFP) Jul 30, 2006 Singapore will pump almost 1.5 billion Singapore dollars (949 million US) into the biomedical sciences (BMS) sector as the city-state seeks to expand the industry which has become a new engine of growth. |
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