On Tuesday, SKC Ltd. announced its third-quarter financial results, which revealed a net loss of 65.4 billion won (US$48.5 million). This figure was lower than the profit of 37.5 billion won reported in the same period last year.
The company also disclosed that its operating loss totaled 44.7 billion won, a decrease of 32.8 percent from the previous year’s sales of 550.6 billion won. This loss was 194.2 percent higher than the average forecast, as reported by Yonhap Infomax, the financial data firm of Yonhap News Agency.