SEOUL — SK IE Technology Co. experienced a significant financial downturn in the second quarter of 2024, reporting a net loss of 48 billion won ($34.8 million), a sharp reversal from the profit posted in the same period last year.
According to Yonhap News Agency, SK IE Technology recorded an operating loss of 58.7 billion won for the April-June period, a decline from a profit of 5.6 billion won a year earlier. Additionally, the company’s revenue plummeted by 59.3 percent to 61.7 billion won, marking a substantial decrease in financial performance compared to the previous year.