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Article: Hanaro Telecom Achieves Operating Profit in 2002 Third Quarter.
- Article from:
- Business Wire
- Article date:
- November 13, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
SEOUL, South Korea--(BUSINESS WIRE)--Nov. 14, 2002
Hanaro Telecom, Inc. (KOSDAQ: 33630) (NASDAQ: HANA) ("Hanaro" or "the Company"), one of Korea's largest broadband Internet access and local call service providers, today announced the results of its operations for the third quarter ended September 30, 2002.
The results are unaudited, unconsolidated, and prepared in accordance with generally accepted accounting principles in Korea.
3Q02 Highlights
-- Operating profit turned positive, amounting to KRW 13.6 billion (US$ 11.2 million(a)) from a loss of KRW 8.4 billion in 2Q02.
-- EBITDA rose 28.2% in 3Q02 to KRW ...