KT Corporation ranks No. 397 on FORTUNE's list of the World's Largest Companies
(Fortune) -- KT Corporation (Charts) ranks no. 397 on FORTUNE's Global 500 this year, with $16.7 billion in revenues, up 12.4% from the previous year. The Seongnam, South Korea-based company was ranked no. 414 on the 2005 list. Its 2005 profits were $1.0 billion, down 8.3% from a year earlier.
2005 was a banner year for most Global 500 companies. It took $13.7 billion in revenue just to make this year's list - up from $12.4 billion last year. And profits for the 500 companies jumped 30%. Total revenues for the Global 500 in 2006 add up to $18.9 trillion, a third of the world's GDP. In the Telecommunications industry, profits were up 6% from the previous year.
The world's biggest companies in the sector are: Nippon Telegraph & Telephone Corporation (Charts), ranked no. 24 on the Global 500 with $94.9 billion in revenues; and Verizon Communications (Charts), ranked no. 50 on the Global 500 with $75.1 billion in revenues; and Deutsche Telekom AG (Charts), ranked no. 54 on the Global 500 with $74.1 billion in revenues; and Vodafone (Charts), ranked no. 66 on the Global 500 with $65.3 billion in revenues; and France Tﾈlﾈcom (Charts), ranked no. 71 on the Global 500 with $60.9 billion in revenues.
The Global 500 list is an annual ranking of the world's largest corporations by revenues.
Next: Full list: 2006 Global 500 at //money.cnn.com/global500
Plus: See KT Corporation's Global 500 details, including financial stats and contact information.Next: See 2006 FORTUNE Global 500
Europe's top 50
Asia's top 50