6-K 1 d682311d6k.htm FORM 6-K Form 6-K

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2014

Commission File Number 1-14926

 

 

KT Corporation

(Translation of registrant’s name into English)

 

 

90, Buljeong-ro,

Bundang-gu, Seongnam-si,

Gyeonggi-do,

Korea

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F   x            Form 40-F  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ¨

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes  ¨            No   x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-             

 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Dated: February 24, 2014
KT Corporation
By:  

/s/ Youngwoo Kim

Name:   Youngwoo Kim
Title:   Vice President
By:  

/s/ Jungsup Jung

Name:   Jungsup Jung
Title:   Team Leader

Correction Disclosure on Preliminary Earnings Release

Date of Correction: February 20, 2014

 

  1. Disclosure in reference to the correction : 4Q13 Preliminary Earnings Release

 

  2. Date of disclosure filing in reference to the correction : 28th January, 2014

 

  3. Reasons for correction: Corrections made to 4Q13 Preliminary Earnings Release

 

  4. Matters to be corrected :

 

Items to be corrected (unit: KRW millions)

    Before correction      After correction  
1. Consolidated Financial Statements      

•   4Q13 Earnings Results

      

- Operating income (4Q13)

      –149,368         –184,011   

- Operating income (FY2013)

      873,996         839,343   

- Net income before tax (4Q13)

      –379,921         –698,817   

- Net income before tax (FY2013)

      313,648         –5,258   

- Net income (4Q13)

      –300,652         –542,538   

- Net income (FY2013)

      181,645         –60,251   

- Net income contributable to KT (4Q13)

      –316,212         –558,546   

- Net income contributable to KT (FY2013)

      79,897         –162,437   
1. Consolidated Financial Statements      

•   Year-on-year percentage of change (%)

      

- Operating income ( FY2013)

      –27.7         –30.6   

- Net income before tax (FY2013)

      –77.8         TR   

- Net income (FY2013)

      –83.6         TR   

- Net income contributable to KT (FY2013)

      –92.4         TR   

Correction Disclosure on Preliminary Earnings Results based on Consolidated Financials

LOGO Following information are based on preliminary results and may differ from the finalized figures.

1. Consolidated Financial Statements

 

            Current
Quarter		      Previous
Quarter		      QoQ
Percentage
of change		      Same Quarter
last year		      YoY
Percentage
of change		  

(Unit: KRW million, %)

           4Q13      3Q13      (%)      4Q12      (%)  

Revenue

     
 		 Quarterly
Earnings		   
  		      6,214,493         5,734,629         

 

8.4

  

      6,212,991         0.0   
    
 		 Cumulative
Earnings		   
  		      23,810,623         17,596,130         

 

—  

  

      23,856,375         –0.2   

Operating income

     
 		 Quarterly
Earnings		   
  		      –184,011         307,814         

 

TR

  

      25,541         TR   
    
 		 Cumulative
Earnings		   
  		      839,343         1,023,364         

 

—  

  

      1,209,232         –30.6   

Income before tax

     
 		 Quarterly
Earnings		   
  		      –698,817         197,281         

 

TR

  

      106,659         TR   
    
 		 Cumulative
Earnings		   
  		      –5,258         693,570         

 

—  

  

      1,414,841         TR   

Net income

     
 		 Quarterly
Earnings		   
  		      –542,538         136,313         

 

TR

  

      92,776         TR   
    
 		 Cumulative
Earnings		   
  		      –60,251         482,297         

 

—  

  

      1,105,439         TR   

Net income contributable to KT

     
 		 Quarterly
Earnings		   
  		      –558,546         106,008         

 

TR

  

      88,809         TR   
    
 		 Cumulative
Earnings		   
  		      –162,437         396,109         

 

—  

  

      1,046,127         TR   

2. Details of Information released

         Information Provider       IR, Financial Management Office, KT      
       
 		 Information Available
for;		   
  		    Investors, Analysts, Media   
       
 		 Date of Information
released		   
  		    11:00am, January 28, 2014   
       
 		 Name of the Event
(Venue)		   
  		    Preliminary 4Q13 Earnings Release (Conference Call)      

3. Other information (Disclaimer)

  

   

 

•

   

 

 
 
 

 

Above financials have been
prepared in accordance
with K-IFRS.

 

  
  
  

  

 

•

   

 

 
 
 
 
 
 

 

Above financial results
have been prepared in
accordance with
amendments to K-IFRS
1001 (Presentation
Financial Statements)

 

  
  
  
  
  
  

  

 

•

   

 

 
 
 
 
 
 

 

Effects of amendments to
K-IFRS 10 (Guidance for
consolidated financials)
have been reflected
retroactively from FY2012
for comparison purposes

 

  
  
  
  
  
  

  

 

•

   

 

 
 
 
 
 

 

Above financials have been
prepared based on
preliminary results and are
subject to change after the
external auditors’ audit.

 

  
  
  
  
  

  

 

•

   

 

 
 
 

 

Please visit following
website for additional
information.