SK Telecom (NYSE:SKM, \u201cSKT\u201d) today announced its earnings for the year 2023 on a K-IFRS consolidated basis: revenue of KRW 17.609 trillion, operating income of KRW 1.753 trillion and net income of KRW 1.146 trillion. Compared to last year, SKT\u2019s consolidated revenue and operating income increased by 1.8% and 8.8%, respectively, backed by even growth of three business areas \u2013 namely AI Infrastructure, AI Transformation (AIX) and AI Service \u2013 promoted under its AI Pyramid Strategy announced in September 2023.<\/p>\n
On a non-consolidated basis, SKT\u2019s revenue, operating income and net income stood at KRW 12.589 trillion, KRW 1.456 trillion and KRW 1.060 trillion, respectively.<\/p>\n
SKT expects its AI businesses to achieve revenue growth based on strong AI infrastructure and technology capabilities it has built so far. AI data center, AI enterprise and AI semiconductor are expected to drive the growth of SKT\u2019s AI business by rapidly expanding sales this year with steep growth in market demand. The company also plans to keep adding attractive features\/services to its personal AI assistant service A.(pronounced \u201cA dot\u201d) to lead the AI assistant service market.<\/p>\n
Moreover, in 2024, SKT aims to create tangible results in AI business areas including AI data center, AI semiconductor, telco-specific LLM, and X Caliber.<\/p>\n
For the fourth quarter of 2023, SKT\u2019s board of directors confirmed a dividend of KRW 1,050 per share, which is the same as last quarter. Including the KRW 2,490 per share already paid, the annualized dividend will be KRW 3,540 per share, subject to approval at the Annual Meeting of Shareholders in March 2024.<\/p>\n
The conference call in regard to SK Telecom\u2019s FY 2023 earnings results can be heard via SK Telecom\u2019s webpage on Monday February 5, from 10:00 Seoul Time.
\nLink: https:\/\/irsvc.teletogether.com\/skt\/skt2023Q4_eng.php<\/strong><\/a><\/p>\n