[Concall] LGU+ "Q4 Operating Profit to Meet Market Expectations"

Yeomyeonghee, Chief Financial Officer (CFO) of LG Uplus, explained during the 2023 Q3 earnings conference call on the 7th that the operating profit fell short of market expectations because "operating expenses increased due to electricity rates rising about three times since the end of last year compared to the same period last year and the previous quarter," and "amortization expenses for the additional 20㎒ bandwidth intangible assets acquired to improve 5G network quality also increased."

He added, "In Q4, with the launch of flagship devices, growth in budget phone and roaming sales, and seasonal effects in Q4, sales will grow, and the annual operating profit is expected to meet or exceed market expectations as a corporate infrastructure."