SKC Ltd. on Thursday reported its first-quarter net loss of 92.1 billion won (US$69.3 million), shifting from a profit of 90.2 billion won a year earlier.
The company said in a regulatory filing that it posted an operating loss of 21.7 billion won for the January-March period, compared with a profit of 106.2 billion won a year ago. Sales fell 14.8 percent to 669.1 billion won.
The loss was 830.3 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Source: Yonhap News Agency