SEOUL — In a regulatory filing on Tuesday, SK Networks Co. reported a shift to a net loss of 23.2 billion won (US$17.5 million) in the fourth quarter, a downturn from the previous year's profit of 27.3 billion won.
According to Yonhap News Agency, The company noted an increase in operating profit for the quarter to 50.5 billion won from 38.9 billion won a year earlier, despite a 3.1 percent drop in revenue to 2.4 trillion won. This quarterly loss contrasts with the company's performance in the same quarter of the previous year, reflecting the volatility in SK Networks' financial outcomes.