SKC Ltd. Reports Third-Quarter Net Loss of 65.4 Billion Won

SEOUL — SKC Ltd. announced on Tuesday a third-quarter net loss of 65.4 billion won (approximately US$48.5 million), continuing its unprofitable trend compared to the same period last year.

According to Yonhap News Agency, the company registered an operating loss of 44.7 billion won for the July-September quarter, a stark contrast to last year's profit of 37.5 billion won. Additionally, sales plummeted 32.8 percent to 550.6 billion won. According to a survey by Yonhap Infomax, the financial data arm of Yonhap News Agency, the loss was 194.2 percent higher than the average estimate.

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