SKC Reports Loss in Q2


SEOUL, Aug. 9 (Yonhap) — SKC Ltd. revealed on Wednesday that it had a net loss of 24.8 billion won (US$18.8 million) in the second quarter, a sharp contrast to its 119.7 billion won profit in the same period one year prior.

The company stated in a regulatory filing that its operating loss for the April-June period was 36.9 billion won, compared to a 102.7 billion won profit in the same period in the previous year. Sales dropped 16.3 percent to 630.9 billion won.

The loss was much higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

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